Brazilian Diamonds Q3 net loss widens; awaits approval for Canastra 1 project |
|
|
|
Published
:
Wed, 14 Nov 2007 08:58
|
LONDON (Thomson Financial) - Brazilian Diamonds Ltd reported wider third-quarter net loss on higher expenses due to stock-based compensation and foreign exchange losses.The company posted a loss of 596,000 cad for the quarter to Sept 30 - excluding an unrealised gain on the fair value of options worth 170,000 cad - from a loss of 263,000 cad earlier. It incurred a stock-based compensation expense of 165,000 cad from nil last year and a foreign exchange loss of 147,000 cad, compared to a 35,000 cad gain last year.It said it is awaiting mining approval for its Canastra 1 project fom the Brazilian government. It also said it is continuing talks with its joint venture partners over developing a dredge-based mining operation at the Santo Antonio do Bonito alluvials project.tf.TFN-Europe_newsdesk@thomson.comssr/ajbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
1384.35 |
+68.23 (
5.07 %)
|
| SYMBOL (
2008-11-21 ) |
| LAST |
CHANGE
|
|
RIO TINTO
(
11:29am )
|
|
2100.00 |
+78.00 (
3.72 %)
|
| SYMBOL (
2008-11-21 )
|
| LAST |
CHANGE
|
|
IBM
(
4:01pm ) |
|
74.88 |
+3.14 (
4.32 %)
|
| SYMBOL (
2008-11-21 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Brazilian Diamonds starts drilling, pit testing at Salvador 1, Brazil UPDATE 