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