Golden Arrow Resources Corp (CVE:GRG) recorded a doubling of assets in the nine months to Sept 30 as well as a as well as a one-third drop in losses.
Total assets were C$11.2mln on Sept 30 versus C$5.88mln at the end of 2015.
Meanwhile the comprehensive loss fell to C$4.8mln in the nine months ended Sept 30 from C$6.5mln in the same period a year earlier.
During the first nine months of this year, the Company received the third milestone payment in marketable securities valued at C$517,058. For fiscal 2015, the Company received C$973,273 for completing certain milestones during the Preliminary Period in relation to pre-development activities at the Chinchillas project.
Story by ProactiveInvestors