03:54 PM EST - Colombia Goldfields Ltd. : reported a net loss for fiscal 2008 of $60.2 million U.S. or $0.64 U.S. per share, compared to a loss of $14.6 million U.S. or $0.21 U.S. per share in the year-ago quarter. The loss was driven by mineral property exploration costs of $16.5 million U.S., general and administrative expenses of $6.5 million U.S., and a writedown related to the Mineros transaction of $9.3 million U.S.. Colombia Goldfields Ltd.
shares T.GOL are trading up $0.01 at $0.05.
