Bougainville Copper Reports Increased H1 Losses

Bougainville Copper Limited (AU:BOC) has released an update.

Bougainville Copper Limited reports a net operating loss of AUD$2.5 million for the first half of 2024, a slight increase from the previous year’s AUD$1.7 million loss, amid lower income from dividends and increased operational costs due to active exploration and legal fees. The company’s net assets are valued at K86.3 million, with investments in ASX listed entities declining in value. Additionally, the Autonomous Bougainville Government has granted a five-year extension of the company’s key exploration license, with the company intensifying its project activities and engaging in community consultations for the future of the Panguna Mine.

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