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Pacific Rim loss narrows on lower expenses for dispute with El Salvador

Tuesday, December 14, 2010


Canadian gold miner Pacific Rim Mining posted a narrower second-quarter loss, primarily helped by lower expenses.

For the August-October quarter, the company reported a net loss of $695,100.

Pacific Rim, whose El Salvador project is mired in a costly dispute with the government over delays in issuing permits, said expenses associated with its defense fell to C$100,000 from C$600,000 last year.

Original source: Reuters