NorZinc Reports $1.7 Million Loss For Q1

NorZinc Ltd. (TSX: NZC) announced yesterday evening its Q1 2021 financial results. The results included a posting of $1.7 million in net loss for the quarter.

The loss for the three months ended March 31, 2021 is a 43% decrease from the $3.0 million net loss of the comparable period last year. The company ended the quarter with $2.7 million in cash and cash equivalents, a decline compared to the previous quarter’s $5.3 million.

NorZinc relayed that its development focus for the next 12 months will center on obtaining significant financing, continuing silver-focused exploration, constructing the first phase of its all season road project, and finalizing agreements with respective indigenous communities. Potential funding sources include a silver streaming agreement for the Prairie Creek mine

NorZinc Ltd. last traded at $0.075 on the TSX.


Information for this briefing was found via Sedar and NorZinc Ltd. The author has no securities or affiliations related to these organizations. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Max Resource Assays 3.0% Copper, 29 G/T Silver Over 250 Metres Via Grab Sample

Max Resource Corp (TSXV: MXR) released further results from its Cesar Copper-Silver property, located in...

Wednesday, October 28, 2020, 07:54:45 AM

Kootenay Silver Completes Drilling At Copalito, Releases Assays From 29 Holes

Kootenay Silver (TSXV: KTN) this morning announced the completion of the drill program at the...

Tuesday, October 27, 2020, 08:21:22 AM

Vizsla Contracts Fifth Drill Rig For Panuco Project Under 31,300 Metre Program

Drilling is evidently going too slow for management at Vizsla Resources (TSXV: VZLA) Panuco silver-gold...

Wednesday, October 28, 2020, 09:02:46 AM

Canada Silver Cobalt Reports Additional Extremely High-Grade Silver Assay Results

On April 26, Canada Silver Cobalt Works Inc. (TSXV: CCW) announced assays results confirming a...

Wednesday, April 28, 2021, 01:30:00 PM

Discovery Silver Hits 165 G/T Silver Equivalent Over 128.2 Metres At Cordero

Discovery Silver Corp. (TSXV: DSV) announced today the results of drilling at its Cordero silver...

Tuesday, April 20, 2021, 09:43:00 AM