Embee Diamond, diamond recut, re-cut, repair, re-polish, restoration, fix my diamond, AGS Laboratories, American Gem Society, Canadian Diamond, Master Diamond Cutter, Esperanza, Triolette, Mike Botha, Michiel Botha, Prince Albert, Saskatchewan, United States of America, Canada, North America, USA, Ideal, Triple Zero Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Shore Gold - Master Diamond Cutters - Creators of Sirius Star®...the world's brightest diamond® and Diamond Restoration - recut, repair & re-polish service to the trade. diamonds, diamond cutting, engagement rings, engagement diamonds, diamond, diamond buying, diamond lapidary, diamond repairs, diamond facets , GIA, AGS, AGS Laboratories, Diamond Bourse of Canada, Responsible Jewellery Council, Jewelers of America, American Gem Society, AGS Guild, Canadian Diamond, diamond re-cut, diamond re-polish, cut grade, triple zero, ideal cut, Sirius Star Diamond, American Star, Product of Canada, Made in Canada
Shore Gold

May 8th, 2013

Shore Gold

Saskatoon-based Shore Gold Inc., which operates the Star-Orion diamond project in Canada (just outside Prince Albert), narrowed its net loss for the first quarter which ended on March 31, to $1.5 million from $3.8 million in the same period of last year.

The exploration firm also recorded working capital of $7.2 million at the close of the quarter.

During the first quarter of 2013, the company said its main focus had been on preparing f the final Environmental Impact Statement for the Star-Orion South Diamond Project and continuing to seek opportunities for development capital for the project.

In its outlook statement, the company said that: “Rough prices rose during the first quarter of 2012 but the world financial situation caused the price of rough to decrease during the second and third quarters of 2012.

“Rough prices have, however, increased since the end of the third quarter of 2012 with overall rough diamond prices at the end of 2012 increasing slightly from rough diamond prices at the end of 2011.”

As of May 7, the company had approximately $6.7 million in cash and cash equivalents and short-term investments, excluding $1.8 million in restricted cash.

Measures taken early last year will enable it to conserve its cash position and provide an extended operating window in which the firm can complete the environmental permitting process and continue to seek opportunities for development capital.



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