Entrée Gold Reports 2015 First Quarter Results

Tuesday May 12, 2015, 4:27pm PDT

Entrée Gold Inc. (TSX:ETG,NYSEMKT:EGI) announced its financial and operational results from the first quarter 2015.

As quoted in the press release:

For the quarter ended March 31, 2015, the Company incurred a net loss of US$560,678 (US$0.00 per share) compared to a net loss of US$1,279,985 (US$0.01 per share) for the quarter ended March 31, 2014.

As at March 31, 2015, the Company had working capital of US$29,409,210, including cash of US$29,564,669.

The lower operating expenditures for the quarter ended March 31, 2015, compared to the same period last year, resulted from several factors including lower general and administrative expense and higher foreign exchange gains.