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    Vaaldiam Mining Reports a Net Loss of $13,247,000 in 2011

    Investing News Network
    Mar. 16, 2012 12:42PM PST
    Base Metals Investing

    Vaaldiam Mining Inc. (TSX:VAA) reported a net loss of $13,247,000 or $0.18 per share in 2011.

    Vaaldiam Mining Inc. (TSX:VAA) reported a net loss of $13,247,000 or $0.18 per share in 2011.

    As quoted in the press release:

    Vaaldiam ended the period with a cash position of $4.5 million and working capital of $3.2 million. Vaaldiam also holds 10.6 million shares in Flemish Gold Corp. (‘Flemish’), which is focused on gold exploration in sub-Saharan Africa, 2.8 million shares in Freegold Ventures Ltd. (TSX:FVL) and royalty interests in the Kwale mineral sands project in Kenya, the Pukaqaqa copper-gold project in Peru, the Braúna kimberlite project in Brazil, and the Crypto zinc-copper-indium project in the United States.

    Click here to read the Vaaldiam Mining Inc. (TSX:VAA) press release.

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