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Loncor Gold Reports Asset Increase Amidst Rising Deficit

Loncor Gold Reports Asset Increase Amidst Rising Deficit

Loncor Gold (TSE:LN) has released an update.

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Loncor Gold Inc. has reported unaudited financial results for the period ending September 30, 2024, revealing an increase in total assets to $27.3 million from $24.4 million at the end of 2023. Despite the rise in assets, the company experienced a widened deficit, highlighting challenges in managing expenses and liabilities. Investors might find interest in the company’s financial strategies as it navigates the complexities of asset management and operational costs.

For further insights into TSE:LN stock, check out TipRanks’ Stock Analysis page.

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