Gold company reports widening losses

PRECIOUS metals exploration company Conroy Diamonds and Gold has reported a widening of its losses, but has also declared that its combined operations here potentially contain between 15 and 20 million ounces of gold.

The AIM-quoted company, which is headquartered in Dublin, yesterday reported a pre-tax loss of €202,464 for the first half of its current financial year; covering the six months to the end of November.

This was up from a loss of €166,698 for the same period last year, which had been a slight narrowing from the previous first half.