Companies

Conroy Gold says discovery in Armagh is potentially ‘transformational’

While losses at the company narrowed, it was still more than €100,000 in the red over the last six months

Conroy Gold chairman Richard Conroy, who also heads Karelian Diamond Resources. Pic: Mac Innes Photography

Losses narrowed last year at Conroy Gold and Natural Resources, with the firm just over €100,000 in the red over the last half-year

The firm posted a loss of €103,577 in the six months to November 30, 2022, a reduction on the loss of €278,699 reported in the corresponding period in 2021.

The company, headed by Professor Richard Conroy, saw its operating expenses increase to €346,286 in the six months to the end of November, ...