Generation Mining Limited (TSX: GENM) has announced financial results for the second quarter of 2023, reporting a narrower net loss amid a sharp fall in operating expenses.
The Canada-based metal mining firm reported a net loss of C$5.53 million or C$0.03 per share for the three months that ended June 2023, which marked an improvement from the year-ago quarter when it reported a loss of C$7.61 million or C$0.04 per share.
The narrower loss reflects a sharp decline in operating expenses to about C$4.73 million in the second quarter. The company said it expects to incur further losses as the business continues to develop.
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