Persian group sees gold despite losses

PERSIAN GOLD is expecting to see initial drilling results from its four main projects in Iran by the end of next month.

The company’s Dalli, Chah-e-Zard, Takestan and Dustbiglu projects will form the company’s focus over the coming months; it adding that it will not “over extend its resources despite there being many large gold opportunities” in the country.

Persian Gold also yesterday published financial results for the first half of this year. They showed that, on a year-on-year basis, the AIM-listed company’s operating loss widened from £67,000 (€97,000) to £162,000 (€235,000). Its pre-tax loss also widened — from £54,000 (€78,000) to £156,000 (€226,000).