Alexander Mining Plc. (AXM.L) announced its audited results for the year ended 31 December 2012. Loss before taxation narrowed to 1.54 million pounds from 1.68 million pounds in the prior year.
Similarly, loss for the year from continuing operations narrowed to 1.54 million pounds from last year's 1.68 million pounds, with loss from continuing operations narrowing to 1.13 pence from the prior year's 1.24 pence.
Loss for the year widened to 1.54 million pounds from the previous year's 193 thousand pounds, with loss per share widening to 1.13 pence from 0.14 pence in the prior year.
Annual revenue rose to 29 thousand pounds from the prior year's 20 thousand pounds.
Matt Sutcliffe ,Executive Chairman, said "Although the health of the world economy can hardly be said to be in the pink, equity markets have enjoyed an excellent start to 2013. Hopes are high that healthy world economic growth is within sight. Mining companies have battled these headwinds of economic uncertainty satisfactorily. However, there now seems to be an industry acceptance, based on investors' demands, that improving margins and a proper return on capital are paramount. During the period of my review, base metals' prices have been volatile and range bound, albeit weakening recently....With the progress and initiatives announced to date and those foreseeable, I am highly confident in Alexander's future."
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