Pacific Rim Mining Narrows Fiscal Q2 Loss; Hog Ranch Exploration Underway
Pacific Rim Mining Corp. (PMU.TO) is unchanged this morning at 13 cents a share and the gold exploration firm reporting an $800,000 net loss during the three months ended Oct. 31, down from a $1.3 million loss in the year-ago quarter.
The company said the reduced net loss resulted from its return to active exploration and higher stock-based compensation expenses offset in part by a $400,000 unrealized gain on derivative liability. It also started a a Phase 1 exploration program at the recently acquired Hog Ranch property in Nevada, slated to likely continue through the middle of next summer.
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