Kingsrose Mining: Result 2013

Operational and regulatory problems have savaged this little gold miner and it shows in awful results, but better days lie ahead.

Full-year results from Indonesian gold miner Kingsrose Mining were nothing short of ghastly: gold production fell 77% to just 8,800 ounces for the full year, obliterating the net profit, which fell 99% to just $260,000 dollars. Earnings per share cannot be computed to a sensible number of decimal places and no dividend was declared.


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