- W Resources said annual losses narrowed slightly as it continued to develop its mining prospects in Spain and Portugal.

Pre-tax losses amounted to £732k, compared to losses in 2016 of £854k.

Completion of the construction of the La Parrilla mine in Spain was a key priority for the company, chairman Michael Masterman said.

'Market conditions are strong and the development is well timed to meet emerging supply shortages,' he said.

'In parallel our tungsten, copper and gold projects in Portugal will be advanced.'

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