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RAPAPORT... Shore Gold Inc. recorded a loss of $9.3 million or 4 cents per share for the fiscal year that ended on December 31, compared with a loss of $219.9 million or 98 cents per share in 2011. The diamond explorer is proceeding with the completion of its environmental permitting process for the Star-Orion South diamond project and continues to seek capital through a third party or a syndicate of investors. Shore Gold reported working capital of $8.6 million as of December 31. As of March 28, 2013, Shore Gold had approximately $7.4 million in cash and cash equivalents and short-term investments, excluding $1.8 million in restricted cash. A portion of the company's cash will be used to advance certain aspects of the Star-Orion project, including the environmental impact assessment and related permitting.
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