KEY POINTS:
Toronto-listed gold miner Glass Earth, which is also listed on the NZAX alternative market, today reported a net half-year loss of $C585,000 ($733,800).
That was an improvement from its $C3.42m loss for the same period, ending June 30 last year.
The company said it now employed 11 permanent staff in New Zealand, including its head office in Wellington, administration office in Auckland and exploration offices in Dunedin and Rotorua.
The company's core activity was gold exploration in New Zealand, mainly in the Hauraki region, Mamaku region, Central volcanic region and Otago.
The Hauraki region was now subject to a joint venture with Newmont Mining Corporation, whereby it may earn up to a 75 per cent equity in return for incurring exploration expenditures equivalent to the next four years of permit work obligations.
- NZPA
