Connemara Mining losses up nearly 30%

Mineral exploration firm Connemara Mining has reported a pre-tax loss of €397,121 for 2011; up by nearly €100,000 on the previous year, but has delivered an upbeat medium- term outlook.

The Dublin-based zinc explorer — which has its shares listed on London’s AIM market — did, however, see its loss per share fall from 1.71c to 1.59c.

Pre-tax losses, in 2010, amounted to €299,594. The latest figures show that the company’s operating losses grew from €301,754 to €399,708.