Logo of Phnom Penh Post newspaper Phnom Penh Post - In Brief: Southern Gold's loss

In Brief: Southern Gold's loss

In Brief: Southern Gold's loss

AUSTRALIAN miner Southern Gold reported a $3.56 million (US$3.16 million) after-tax loss for the financial year ended June 30 in its annual report Tuesday. The firm, which holds exploration licences for seven sites containing gold and base metals in northeastern Cambodia, lost A$3.10 million in 2008. The report said that “financing constraints delayed progress on a number of the company’s projects” but added that it still made progress that showed great potential. In Cambodia, the first significant gold intersections on the firm’s wholly owned Anchor Prospect were discovered, it said, vindicating its “early mover strategy” here.

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