Salt Lake-based MK Gold Co. on Friday reported a net loss of $572,000, or 2 cents per share, for the quarter ended March 31. That compares with a loss of $342,000, or 1 cent per share, for the year-ago quarter.
Revenues totaled $339,000, down from $425,000.
The company said general and administrative expenses were $775,000, up from $441,000 due to executive bonus and severance costs and audit costs.
MK Gold explores for, acquires, develops and mines mineral properties, primarily focused on the development of a copper project in Spain.
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The company's stock was unchanged Friday at $2.55. During the past year, the price has ranged from 45 cents to $3.20.