Bullion River Gold Corp. of Reno posted a net loss of $1.8 million in the second quarter compared with a loss of $6.4 million in the comparable quarter last year.
Sales of gold produced by the company's mine near Redding, Calif., fell to $749,000 during the quarter from $923,000 a year earlier.
In a filing with the Securities and Exchange Commission, the publicly traded company said it needs to make significant investment in expansion of the mine if the property is going to be profitable.
