Foran Mining Reports 2015 First Quarter Financial Results

Foran Mining Corporation (TSXV:FOM) announced its financial results for the 3 month period ended MArh 31, which showed a net loss of $510,401 or $0.01 per share.

As quoted in the press release:

This compares to a net loss of $391,005 or $0.00 per share (basic and diluted) for the three-month period ended March 31, 2014.

As at March 31, 2015, the Company had a total of $2.6 million in cash and cash equivalents (December 31, 2014: $4.1 million). Working capital totaled $2.4 million (December 31, 2014: $4.0 million).
The unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2015, along with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

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