Talon Metals Corporation announced its fiscal results for the three month period ended June 30, 2013, having reported net loss in the amount of US$2.4 million, or US$0.03 per share (basic and diluted) as a result of an investment loss in Tlou Energy Limited, and administration expenses. This can be compared to US$2.7 million net loss in the second quarter of 2012, which was the result of administration expenses and investment loss on portfolio investments.
For the six month period ended June 30, 2013, Talon Metals reported net loss of US$3.7 million, or US$0.04 per share (basic and diluted); this equals to the net loss of the BVI corporation in the same six month period of the previous year.
Capitalized exploration costs on the Trairão Iron Project reported by the company in the second quarter of 2013 were US$0.3 million, as compared to US$0.8 million in the same three month period of 2012. For the six months ended June 30, 2013, capitalized exploration costs were US$0.7 million (US$1.8 million in the same period of 2012). At June 30, 2013, the total capitalized exploration cost on the Trairão Iron Project was US$17.3 million.