08:13 AM EDT, 05/16/2019 (MT Newswires) -- Harte Gold (HRT.TO) on Wednesday posted an operating loss at its Sugar Zone mine as what it described as "temporary labour, equipment and weather issues" in January and February.
The company said its operating loss in the quarter was $2.48 million on revenue of $7.86 million. In its first year of operation, it did not have year-prior data. It produced 5,476 ounces of gold in the period, 9% below its targets, but said it expects full-year output of 39.200 ounces.
"The quarter started with many winter challenges affecting our mining operations. We have progressed through our startup issues and operations continue to improve," chief executive Stephen Roman said in a release.
The company's shares closed Wednesday up $0.005 to $0.26 on the Toronto Stock Exchange.
Price: 0.2600, Change: +0.0050, Percent Change: +1.96
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