Kula Gold Limited: Financials and Acquisitions Update

Kula Gold Limited (AU:KGD) has released an update.

Kula Gold Limited reported a 47% drop in revenues and a 28% reduction in net loss for the half-year ended June 30, 2024, compared to the previous year, mainly due to a single research and development grant received in 2023. The company also expanded its mining interests with a majority acquisition of the Mt Palmer Gold Mine and agreements regarding the Rankin Dome and Kirup Projects. No dividends were declared, and the report has been reviewed by auditors.

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