Berkeley boasted of its excellent financial position as works to bring the Salamanca mine into production.
Ltd () has confirmed its strong financial position as it released its annual report on Friday.
The European mine developer revealed it had cash reserves of US$34.81mln and no debt at the end of June.
“This puts the group in an excellent financial position as the company moves towards the development and construction of the Salamanca mine,” it said.
Berkeley’s net asset value rose some 84% in the year, up to US$48.46mln at the end of June.
The pre-revenue mine developer reported a US$16mln loss for the year.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Berkeley Energia Ltd named herein, including the promotion by the Company of Berkeley Energia Ltd in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE