General Moly, Inc. (GMO, GMO.TO), U.S.-based molybdenum mining company, reported a first-quarter net loss of $3.2 million or $0.03 per share, narrower than the net loss of $4.2 million or $0.05 per share last year.
On average, 2 analysts polled by Thomson Reuters expected the company to lose $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
The company's cash balance at the end of the quarter was $35.1 million, compared to $40.7 million at the end of 2011.
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