Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Tungsten, tin and gold mining company W Resources posted a first-half loss as it completed construction of its La Parrilla mine in Spain.
Pre-tax losses for the six months through June amounted to €1.05m, compared to losses of €2.26m on-year.
'We are delighted to have completed the build of the T2 expansion at La Parrilla, which is a world class tungsten project,' executive chairman Michael Masterman said.
'This project was delivered on budget and the crusher plant and non-plant infrastructure was completed on schedule with the jig and mill plant and concentrator plant a quarter behind schedule, unfortunately delaying commissioning and ramp-up.'
'With the concentrator plant complete we can now move to large scale production at La Parrilla.'
'Commissioning and ramp up is proceeding with the spirals and concentrator thickener commissioned and critical automated control systems loaded.'
'We are on track for concentrate production in October.'
At 2:24pm: (LON:WRES) W Resources PLC share price was -0.02p at 0.36p