Latin Resources reports H1 2015 loss reduction

By Myles McCormick
Published: Monday, 14 September 2015

The Perth-based explorer brought its losses down by two thirds on the back of price renegotiations for the purchase of its Guadalpito andalusite and mineral sands project coupled with improved foreign exchange conditions.

ASX-listed Latin Resources Ltd announced losses of Australian dollar (A$) 1.69m ($1.20m*) for the six months ended June 2015, a 67% reduction on a figure of A$5.14m this time last year.

The majority of this is attributable to a renegotiation with vendors of the selling price of...

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