New Talisman Gold Mines annual loss widens as it raised less from investors

Wed, 29 May 2013

By Tina Morrison May 30 (BusinessDesk) – New Talisman Gold Mines, the 10th worst performing stock on the New Zealand exchange in the past 12 months, said its loss widened last year as it raised less money from shareholders for investment. Mining prospector New Talisman, previously known as Heritage Gold NZ, said its loss widened to $914,265 in the 12 months ended March 31, from $766,259 a year earlier. Revenue dropped 67 percent to $11,791. “As the company has no significant income streams, it raises funds from shareholders and new investors...

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