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Continued loss at Foran Mining Corp.

The company hoping to develop a mine west of Flin Flon lost $1.07 million in the first nine months of 2014. Foran Mining Corp., which owns the McIlvenna Bay deposit, reported the loss on Wednesday. The loss compared to a $1.
Drill samples from McIlvenna Bay
Drill samples from McIlvenna Bay, 65 kilometres outside Flin Flon.

The company hoping to develop a mine west of Flin Flon lost $1.07 million in the first nine months of 2014.

Foran Mining Corp., which owns the McIlvenna Bay deposit, reported the loss on Wednesday.

The loss compared to a $1.46-million loss for the first nine months of 2013, the Vancouver-based Foran said.

As of Sept. 30, 2014, Foran said it had a treasury of $3.36 million in cash and cash equivalents.

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