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Medgold assets jump 50% earnings show

Tuesday, November 29, 2016 16:01
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(Before It's News)

Medgold Resources Corp (CVE:MED) jumped by 50% in the first nine calendar months of this year, according to earnings results released on Tuesday.

Total assets rose to C$1.55mln in the nine months to Sept 30 from C$1.09 at the end of 2015.

Medgold is a Canadian-listed exploration and development company discovering gold in Portugal and Serbia.

Not untypically for a gold explorer at this early stage of its development it has incurred a comprehensive loss for the three months ended Sept 30 of C$1.09mlnversus a loss of C$250,127 for the same period in 2015.

Story by ProactiveInvestors

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