02:26 PM EDT, 08/11/2016 (MT Newswires) -- Shore Gold (SGF.TO) reported narrower losses for Q2 ended June 30, thanks to lower operating costs and exploration and evaluation expenditures.

Net loss was $0.01 per diluted share compared to a net loss of $0.02 per diluted share for the same quarter last year. This was after expenses declined to $2.1 million from last year's $4.4 million.

Looking ahead, the company plans to update the previous feasibility study with a revised mine plan, where new technology is applied to more efficiently remove the sand and clay of the overburden, in addition to the application of new technology in the processing plant.

The stock moves at the top half of 52-week range $0.12 - $0.25.

Price: 0.21, Change: 0, Percent Change: 0