Talon Metals Corp Up 9% Despite Reporting Quarterly Loss
Talon Metals Corp. (TLO.TO) reported a net loss for the three month period ended June 30, 2011 of $5.9 million or $0.07 per share (basic and diluted). This compares to net loss of $5.1 million or $0.08 per share (basic and diluted) for the three months ended June 30, 2010.
Capitalized exploration for the three and six month periods ended June 30, 2011, amounted to $6. million and $9.3 million respectively. This relates mainly to work done on the Trairao Project. This compares to $697,833 and $999,734 for the three and six month periods respectively of last year and primarily related to work done on the Sergipe Potash Project.
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