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An announcement from Trilogy Metals ( (TSE:TMQ) ) is now available.
Trilogy Metals Inc. announced its fiscal year-end results for 2024, reporting a net loss of $8.6 million, down from a $15 million loss in 2023. This reduction is attributed to a decrease in the company’s share of losses from Ambler Metals LLC and reduced expenses in general and administrative costs, professional fees, and salaries. However, these were slightly offset by increased professional fees related to management support and external affairs, reflecting a strategic realignment of operational focus.
More about Trilogy Metals
Trilogy Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in advancing its projects in the Ambler Mining District in Alaska, which includes significant copper, zinc, lead, gold, and silver resources.
YTD Price Performance: 5.04%
Average Trading Volume: 415,025
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $200.7M
For detailed information about TMQ stock, go to TipRanks’ Stock Analysis page.
