Beadell slammed on heavy loss

SHARES in Beadell Resources dropped this morning after the company posted a A$100 million-plus full-year loss.

Beadell slammed on heavy loss Beadell slammed on heavy loss Beadell slammed on heavy loss Beadell slammed on heavy loss Beadell slammed on heavy loss

Beadell posted a net loss after tax of $101.1 million for 2017, compared with a profit of $22.3 million in 2016.

Revenue from the Tucano mine in Brazil dropped from $239.8 million in 2016 to $211.