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BlueJay Mining gives investors a preview of full-year results

Bluejay expects to report a loss of £10.8mln for the year
The group plans to release the full report on its annual results on June 4

Bluejay Mining PLC (LON:JAY) said it plans to change brokers after SP Angel unintentionally released information about its full-year results before they were published.

The company said following SP Angel’s “inadvertent” release of information, it has decided to provide some of the details of its annual results.

The details include that Bluejay expects to report a loss of £10.8mln for the year, compared to a loss of £2.7mln a year ago, after taking a £8.9mln impairment for Finnish exploration assets.

Exploration costs during the year were £6.3mln, compared to £4.6mln the previous year, while administration expenses came to £1.8mln.

Bluejay ended the year with £8.8mln of cash and cash equivalents.

The group plans to release the full report on June 4.

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