Till Capital Ltd. (TSE:TIL) has released an update.
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Till Capital Ltd. has announced an impairment on its investment in IG Far East, LLC, with the value of its ownership estimated at zero due to geopolitical uncertainties in Russia affecting the Durmin gold project. The company recorded an impairment loss of $2,422,462 as of December 31, 2023, and this will be reflected in the delayed audited financial statements. Till Capital, which also owns shares in Osisko Development Corp. and Silver Predator Corp., has not provided earnings guidance due to investment return volatility.
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