28 Nov 2011

Loss reported by exploration company

12:41 pm on 28 November 2011

Glass Earth Gold lost $670,000 in the three months to the end of September, compared with $266,000 in the same period a year earlier.

The loss includes a $327,000 non-cash write-off of exploration expenditures.

Revenue slipped slightly to $180,000.

The company, which raised $2.9 million through a private placement during the quarter, says it had $4.58 million at the end of September.