Australia's Jervois falls as FY loss widens

Jervois Global

18/03/2024 01:29

** Shares of Jervois Global  JRV.AX  down 10.3% at A$0.026,
set for worst day since March 7, if losses hold
    ** The mineral explorer says its FY statutory net loss was
$252.5 mln, compared with $55.2 mln loss in the last year
    ** Co says its annual group revenue fell 44.8% to $195.2 mln
    ** Co says it recognised total non-cash impairment of its
Idaho cobalt operations of $173.9 mln in 2023 
    ** Stock down 34.1% YTD, as of last close

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))