Titanium Resources Group’s (TRG) net loss contracted by 94% in 2009 to $7.87m. due to an improved operating performance and a reduction in operating costs, the mineral sands producer said.
Operating profit (EBITDA*) pre exceptional items recovered to $6m. from a loss of $64.7m. in 2008.
“The successful capital raise, significant reductions in operating costs, achievement of operating...