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WGI Heavy Q1 Loss Widens

WGI Heavy Minerals Inc. (WG.TO: Quote) Friday said its loss for the first quarter widened from last year on lower revenues.

The Idaho, U.S.-based company reported a first-quarter net loss of $468 thousand or $0.020 per share, compared to $72 thousand or $0.003 per share last year.

Total revenues for the quarter dropped to $7.68 million from $9.40 million in the prior-year quarter.

by RTT Staff Writer

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