Glencar sees slight increase in losses

AIM and IEX-listed mining company Glencar has announced increased pre-tax losses for the six months to the end of June, up to $310,240 from $279,993 for the same period last year.

Glencar MD Hugh McCullough said: "We are pleased to have completed a financing for $2m (€1.3m) in June last.

"This funding will allow us to continue our intensive and escalated drilling programme in Mali as soon as the rainy season comes to a close in October."