Ormonde Mining posts modest profit following Spanish asset sale | 26 May 2021
26 May 2021 | 09:03am StockMarketWire.com - Mining group Ormonde Mining swung to a modest annual profit after banked gains from an asset disposal. Net profit for the year through December amounted to €0.46 million, compared to a year-on-year loss of €11.3 million. Ormonde recently sold a 30% interest in the Barruecopardo tungsten mine in Spain. When profits and losses from discontinued operations were excluded, its pre-tax losses amounted to €1.14 million, compared to year-on-year losses of €0.90 million. Ormonde said it was focusing its efforts on new opportunities for the deployment...