Glass Earth Gold

Glass Earth Gold to consolidate shares on issue

Listed gold explorer Glass Earth Gold has gained shareholder approval to consolidate the number of shares on issue, with 10 old shares to be reissued as one new share.

Glass Earth proposes consolidation of shares

Glass Earth proposes consolidation of shares

Glass Earth Gold is looking to consolidate its number of shares on issue, by swapping 10 old shares for one new share.

Glass Earth Gold loss despite production rise

Glass Earth Gold loss despite production rise

Alluvial gold production from the Maniototo valley, in Otago, increased four-fold for Glass Earth Gold to $C2.97 million ($NZ3.49 million) for the past year, but the booking of accumulated exploration costs saw the company lodge a $C11.1 million ($NZ13 million) loss.

Glass Earth looking up despite tough environment

Glass Earth looking up despite tough environment

The fortunes of boutique gold producer Glass Earth Gold are gaining momentum, as weekly Central Otago gold production surpasses $NZ150,000 and the company confirms private placement funding well beyond a targeted $C3 million ($NZ3.68 million), from investors worldwide.

Glass Earth triples quarterly revenue

Glass Earth triples quarterly revenue

Boutique gold producer Glass Earth Gold has tripled quarterly revenues from gold production to more than $1 million and estimates the present quarter will make further gains.

Gold recovery covering costs

Gold recovery covering costs

Glass Earth Gold is breaking even at its mining operations in Central Otago's Manuherikia Valley as the boutique producer moves into better gold-producing ground.

Glass Earth may buy NI prospect

Explorer and boutique producer Glass Earth Gold has taken an option to buy a gold and silver prospect north of the Martha mine in the central North Island, in a 50:50 venture with mining entity Geoff Loudon.

Glass Earth raises $456,000

Glass Earth raises $456,000

Boutique Otago gold producer Glass Earth Gold has raised a further $C360,000 ($NZ456,000) in private-placement funding as it juggles cash-flows against ongoing exploration costs at North Island prospects.

Explorer confident despite write-offs

Explorer confident despite write-offs

Accumulated exploration cost write-offs have pushed boutique gold producer Glass Earth Gold into an $8.49 million loss for the half-year to June, but it remains confident cash-flows from gold recovery are achievable.

Glass Earth refinances with Canadian funds

Boutique Otago gold producer Glass Earth Gold has clinched $C2.35 million ($NZ2.95 million) from private equity placements out of Canada, enabling it to refinance the $4 million buy-out of its former joint venture partner.

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