PROFIT & LOSS

Aquila focused on acquiring Back Forty wetlands permit

Aquila Resources (TSX:AQA) spent most of the March quarter trying to sort out the wetlands permit for its 100%-owned Back Forty zinc-gold project in the Penokean volcanic belt of Michigan’s Upper Peninsula, although it also managed to issue an updated mineral resource.

Staff reporter
Aquila is working on acquiring the wetlands permit for its Back Forty project

Aquila is working on acquiring the wetlands permit for its Back Forty project

The company reported a net loss for the March quarter of US$2.3 million, down from a loss of $2.7 million a year ago. The net loss per basic and diluted shares was 1c, unchanged year-on-year. Aquila...

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