Sunshine Oilsands (HK:2012) has released an update.
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Sunshine Oilsands Ltd. reported a net loss of CAD 22.1 million for the first quarter of 2024, nearly doubling the loss from the same period last year, which was CAD 11.6 million. Despite the increased losses, average daily sales of Dilbit rose to 1,665.4 barrels. The Company’s shareholders’ equity also saw a decrease from CAD 91,047 at the end of 2023 to CAD 68,830 by March 31, 2024.
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