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Golden Arrow assets double, losses sharply cut

Wednesday, November 30, 2016 8:57
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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.

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