Bullion River Gold Corp. of Reno lost $821,696 in the quarter ended Sept. 30, an increase of $291,000 over the company's loss in the comparable quarter a year earlier.
The publicly held start-up company had no significant revenue in either quarter.
In a new filing with the Securities and Exchange Commission, Bullion River said its cash reserves had declined to $22,717 on Sept. 30.
It plans to raise money through private loans, sale of common stock and joint ventures to continue its exploration programs in California and northern Nevada.
Bullion River's most significant project is the French Gulch mine near Redding, Calif., which it is studying for possible reopening.
Shares of the company's common stock, which have traded as high as $1.42 a share and as low as 41 cents in the past year, have sold for about 60
cents a share in recent days.
