Thunder Mountain Gold Q2 net loss widens 13% to $1.01 million year over year - THMG News | RalliesThunder Mountain Gold Q2 net loss widens 13% to $1.01 million year over year
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THMG• Cash position and project update
- Cash and cash equivalents totaled $1.11 million at June 30, down from $2.59 million at Dec. 31; Aug. 7 cash was $3.39 million.
- South Mountain work advanced with a 20-year Idaho state mineral lease covering 3,675 acres; core drilling began late in the quarter.
Quarterly loss and expenses increase
- Thunder Mountain Gold posted a net loss of $1.01 million, widening 13% from the year-earlier quarter.
- Operating expenses rose 13% to $1.01 million, on exploration spending that more than doubled to $741,034.
- Legal and accounting costs climbed to $116,177; management and administrative expense fell 73% to $157,561 on lower stock-based compensation.
HCMA
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