CAPITAL MARKETS

Allied posts a loss

PACIFIC Rim gold producer Allied Gold has posted a $US3.1 million ($A2.9 million) loss for the June 2011 half-year period, including a $4.6 million loss in the June quarter.

Kristie Batten
Allied posts a loss

The company blamed higher cost of sales for the loss, with exchange rate movements resulting in a negative impact of $161 per ounce or $4.9 million. Operating costs were up $4.4 million due to increases...

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