SHORE GOLD (TSE:SGF) Entering Diamond Business

Struggling miner Shore Gold (TSE:SGF) is about to enter the diamond business, as it has the goal of developing the first diamond mine in Saskatchewan, Canada.Shore and others interested in the prospect had been waiting for a decision concerning putting a royalty system in place in order to project revenue and earnings.That has now been done, as the Canadian province will take a one percent cut of

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Shore Gold Inc. (TSE:SGF) Slashes Annual Losses

Filed in annual-results, Gold, shore-gold, silver by on March 25, 2010 0 Comments

Shore Gold Inc. (TSE:SGF) reported it slashed losses for its fiscal 2009 year from $458 million or $2.48 a share in 2008 to $9.1 million or 4 cents a share in 2009.The largest share of 2009 losses were a $6.3 million writedown for expenditures in relationship to their mineral properties. Losses in 2008 were attributed largely to mineral property which has been capitalized before being written

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