sector: Basic Materials ·
industry: Precious Metals & Minerals ·
As of
23 Nov 2009
0.47CAD
Etruscan Resources Inc. (Etruscan) is a Canada-based company engaged in the business of acquiring, exploring, and developing gold and diamond properties primarily in Africa. The Company has interests in operations that produce gold and diamonds together with advanced stage projects and earlier stage exploration opportunities. Etruscan’s projects include Youga Gold Project, Agbaou Gold Project, and Finkolo Gold Project. The Company’s Youga Gold Project is located on the Youga gold belt. The Agbaou Gold Project is located on the Oume-Fetekro gold belt in Cote d’Ivoire. The Company’s advanced project in Mali is the Finkolo Gold Project located on the Syama gold belt. Etruscan’s subsidiaries include Cayman Burkina Mines Ltd., Burkina Mining Company S.A., Etruscan Resources Bermuda (Mali) Ltd., Etruscan Resources Bermuda Ltd., Etruscan Resources Cote d'Ivoire SARL, Etruscan Resources Mali SARL, and Etruscan Mali SARL.
BRIEF: For the six months ended 31 May 2009, Etruscan Resources Inc.'s revenues totaled C$33.5M, up from C$0. Net loss increased from C$22.6M to C$47.2M. Revenues reflect the presenceof the income from gold sales. Higher loss reflects increased financing costs, the presence of write down of mineral property expenses, higher foreign currency exchange loss and the presence of mining operations expenses.
Etruscan Resources Inc.
Suite 306, Royal Bank Building
1597 Bedford Highway
Halifax NS B4A 1E7
P: +1902.8326700
F: +1902.8326702