Loss narrows at gold and gem prospector Conroy

PRECIOUS metals exploration company Conroy Diamonds & Gold has reported a slight narrowing of its first-half loss to €166,698 for the six months to the end of November.

This figure compares with a loss of €172,363 for the same period the previous year. The company’s loss per share was down year-on-year from 20c to 16c. The results formed part of Conroy’s interim trading update.

It reiterated the company’s announcement from December that it has significantly increased its estimate for indicated gold reserves at the Clontibret, Co Monaghan, section of its overall Longford-Down Massif mining interest, by more than 200% — from 64,000 ounces to 200,000 ounces.