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Citigold Corporation Limited ( ASX:CTO) has reported a net loss of $3.34 million for the half year to December 31.
The result compares with an $872,000 net profit in the previous corresponding period.
The Charters Towers gold miner blamed the profit slide to decreased production, while its energies have been focused on project development.
Citigold has failed to declare a dividend, but offers an upbeat assessment of future growth earnings.
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