Piedmont loses money

Piedmont Mining Co. Inc., a publicly traded company in Reno, lost $489,836 in the third quarter. A year earlier, it lost $250,484.

The company hasn't yet recorded any revenue, and it said in a filing with the Securities and Exchange Commission it expects to sell more stock in the next 12 months to raise the capital it needs to continue its search for gold and silver properties in Nevada.

Comments

Use the comment form below to begin a discussion about this content.

Sign in to comment