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LONDON -- Trans-Siberian Gold, which develops mining projects in Russia, said its full-year loss widened last year as the company spent more money on its exploration projects.
The net loss in 2004 increased to $3.7 million, or 11.6 cents per share, from $1.1 million, or 7.1 cents, a year earlier, the company said in a Regulatory News Service statement.
Administration expenses almost tripled to $6.1 million, mainly because of "an increase in activities and the consequential higher overheads in Russia," the company said. (Bloomberg) |
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