12:03 PM EST - GBS Gold International Inc. : announced a first quarter net loss of $4.3 million or $0.04 per share, compared to a net loss of $1.9 million or $0.03 per share in the prior year quarter. The company said it spent $18.4 million on pre-production and exploration activities. Gold sales of 11,670 ounces for revenue of $9.0 million were offset against pre-production expenses, which were capitalized for accounting purposes. GBS Gold International Inc.
shares T.GBS are trading off 9 cents at $2.76.
