Till Capital Ltd. (TSE:TIL) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into TSE:TIL stock, check out TipRanks’ Stock Analysis page.