Exploration company Ormonde Mining has reported a pre-tax loss of €450,000 for last year.
This included a €346,000 write-off relating to investments in projects in Tanzania.
Ormonde is now focused on gold prospects in Spain, and has completed the first phase of drilling at Salamon in the north-east of the country. Drilling is also planned at two more projects in Galicia in north-west Spain.
