Foran Mining has reported its financial results for the six month period ending June 30th. The company recorded a net loss of just over 752 thousand dollars compared to a net loss of just over one million dollars for the six month period ended June 30th last year. As of June 30th this year Foran has a treasury of 3.9 million dollars in cash and cash equivalents.
Foran Mining is a diversified exploration and development company with projects in the Flin Flon mining belt. The Company’s flagship McIlvenna Bay Deposit is located in east central Saskatchewan, 65 kilometers west of Flin Flon and is described as one of the largest undeveloped volcanogenic massive sulphide deposits in Canada.