Dual-listed mining exploration company Heritage Gold New Zealand released a preliminary announcement of results today, saying the company had a cash balance of $807,000.
The company reported a 150 percent increase in revenue from ordinary activities, to $290,297, with a loss from ordinary activities after tax of $678,388, down 31 percent from last year.
It issued no dividend.
The company held three exploration permits in Northland, where it mined gold, and others in Australia, where it mined cobalt, as well as explored for uranium and other base metals.
Heritage spent $1,832,000 developing tenements this year, up from $1,547,000 last year, and wrote off $375,000 exploring for uranium at Dunmarra Basin in the Northern Territories in Australia.
At March 31 this year, its tenements were worth $9.5m, compared to $8.1 the year before.
