03:51 PM EST, 11/09/2017 (MT Newswires) -- Shore Gold (SGF.TO) shares were trading at $0.18 on last look, for no change from the previous close. It opened at a day high $0.19 and equalled a 52 week low of $0.17 this afternoon, but recovered as the company announced that it narrowed its loss for the third quarter to about $600,000, compared to a $1.1 million loss in the same quarter last year. In a statement, it said the losses incurred during the quarters ended September 30, 2017 and 2016 were due to operating costs and exploration and evaluation expenditures incurred by the company exceeding interest income earned on cash and cash equivalents and short-term investments.

In a statement, Shore Gold said that it is entering a "new phase" for the company after the successful completion of the consolidation of its Fort a la Corne mineral properties, including the Star-Orion South diamond project, and the concurrent earn-in agreement with Rio Tinto Exploration Canada. The company also noted it acquired the remaining portion of a project from Newmont and having Newmont as a significant shareholder.

Price: 0.18, Change: 0, Percent Change: 0