MC Mining reports loss in short announcement

MC Mining reports that revenue increased by 14% to $23.5 million from $20.7 million in the prior corresponding period. Operating loss before interest increased by 79% to $19.2 million from $10.7 million in the prior corresponding period. Loss from continuing operations and discontinued operations increased by 63%. Headline loss increased by 8%.

Net asset value decreased by 28% to $77.1 million from $106.5 million in the prior corresponding period. Attention is drawn to the disclosure in the annual financial statements on the going concern assumptions.