Oracle Mining Reports a Net Loss of $4.8 Million in its Second Quarter of 2012

Oracle Mining Corp. (TSX:OMN) reported a net loss of $4.8 million in the second quarter ended June 30, 2012.

As quoted in the press release:

Net loss for the quarter was $4.8 million compared to a net loss of $3.6 million for the three months ended June 30, 2011, resulting from an increase of $0.3 million in exploration and evaluation expenditures and $0.9 million in general and administrative and other costs compared to the second quarter of 2011;

Click here to read the Oracle Mining Corp. (TSX:OMN) press release.