Mega Uranium Reports Quarterly Loss of $52.6 Million

Mega Uranium Ltd. (TSX:MGA) announced its second quarter results, as well as results for the nine months ending June 30, 2013.

As quoted in the press release:

Summary results for the three months and nine months ended June 30, 2013, as compared to the three and nine months ended June 30, 2012:
Net loss for the three months ended June 30, 2013 was $52.6 million ($0.20 per common share) compared to a net loss of $7.1 million for the three months ended June 30, 2012 ($0.03 per common share).
Net loss for the nine months ended June 30, 2013 was $56.8 million ($0.21 per common share) compared to a net loss of $8.2 million for the nine months ended June 30, 2012 ($0.03 per common share).

To view the whole press release, click here.