Tanzania Gold FY pretax losses widen on higher costs

Date : 12/21/2006 @ 10:47AM
Source : TFN
Stock : Tanzania Gold (TZG)
Quote : 122.0  0.0 (0.00%) @ 1:00AM
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Tanzania Gold FY pretax losses widen on higher costs

        LONDON (AFX) - Tanzania Gold PLC's pretax losses widened in the year to end
June on higher administrative expenses at the AIM-listed exploration and
development company.
    Pretax losses moved to 130,000 stg from 90,000 the previous year. The
company, which was admitted to AIM in September, has no revenue.
    It expects preliminary results of the drilling programme on the Mkurumu
Project in Tanzania in the first quarter 2007.
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