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Uruguay Mineral Exploration Inc.

09:56 AM EST - Uruguay Mineral Exploration Inc. : reported second-quarter net loss of US$7.9 million or US$0.162 per share, compared to a net income of US$4.37 million or US$0.087 per share last year. Net sales declined to US$11.66 million from US$21.18 million in the comparable period a year ago. Uruguay Mineral Exploration Inc. shares V.UME are trading unchanged at $0.50.