StockMarketWire.com - Erris Resources reported annual losses nearly doubled, but the company said it was well funded for the remainder of 2019 amid efforts to reduce costs across all areas.

For 2018, pre-tax losses nearly doubled to €1.1m from €5.6m a year earlier and revenue increased to €165,216 from €111,676.

Despite the wider losses the company vowed to continue to advance its strategy focused on value creation through exploration and discovery.

The company said it was currently evaluating alternatives to advance the Abbeytown zinc-lead-silver-copper project in Northwest Ireland, following successful delineation of new mineralisation.


At 9:46am: [LON:ERIS] Erris Resources Plc share price was 0p at 5.5p



Story provided by StockMarketWire.com