Frontier Mining Ltd., mining exploration company makes report result of mine exploration and sale during the year 2007. following report loaded at thomsoncom.

Frontier Mining Ltd. posted a pretax loss of $4.31 million for 2007, versus a loss of $2.64 million last year.

During 2007, the group said it sold $2.39 million of gold and silver, being 3,132 ounces of gold and 20,173 ounces of silver respectively. The company said it did not record revenue as it was in the test production phase and instead has offset this amount against capitalized mine development costs, while it reported revenues of $2.97 million last year. Frontier Mining said it remains positive about its Naimanjal mine’s ability to produce gold and silver and regards it as an important near-term value driver for the company.

source : sharewatch.com