Falgold reports loss as commodity prices fluctuate

ZIMBABWE Stock Exchange-listed mining concern, Falcon Gold (Falgold) has reported a $12,5 million loss for the full year to September compared to a profit of $4 million posted during the same period last year due to a decline in revenue and rising operating costs.

By Acting Business Editor

The company’s revenue declined to $26,6 million during the period under review from $34 million the previous year while mineral production expenses rose to $29 million from $27 million.

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