Annual revenue for Vancouver's Pacific Rim Mining Corp. (TSX:PMU) fell 8% while its net loss rose 35% for the year ending April 30.
According to the company, the drop in revenue to $7.7 million from $8.3 million in 2007 was due primarily to lower gold production at its Denton-Rawhide mine in Nevada.
Pacific Rim added that its net loss, which jumped to $12.7 million from $9.4 million, resulted from increased mining operation costs, exploration expenditures and general and administrative costs.
Pacific Rim's share price range during the past week: between $0.38 and $0.45; 52-week high: $1.30; 52-week low: $0.36.