MC Mining Ltd (AU:MCM) has released an update.
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MC Mining Limited reports a significant increase in its full-year loss to $14.6 million, up 232% from the previous year, alongside an 18% drop in revenue to $36.7 million. The increased loss is attributed to higher non-cash charges and administrative expenses, despite reduced production costs. Amidst these financial challenges, the company did not declare a dividend and reports a decrease in net asset value by 14% to $75.4 million.
For further insights into AU:MCM stock, check out TipRanks’ Stock Analysis page.
