Talon Metals Reports First Quarter 2016 Results

Talon Metals (TSX:TLO) has reported its net income for the three months ending March 31, 2016 of $1.8 million, or $0.01 per share.
As quoted in the press release:

This compares to a net loss of $0.6 million or $0.01 per share (basic and diluted) for the three months ended March 31, 2015, which was primarily the result of an investment loss on Tlou Energy and administration expenses.
Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-PGE Project for the three months ended March 31, 2016 amounted to $21.2 million. This compares to $6.2 million for the three months ended March 31, 2015. The total capitalized exploration cost on the Tamarack Nickel-Copper-PGE Project to March 31, 2016 amounts to $36.4 million.
Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2016 and 2015, together with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

Click here for the full press release.