Shares in mining company Minco (LON:MIO) fell over 2 percent on Tuesday, after the company confirmed it had recorded no revenue for the three month period to the end of March 2017.

In a statement Minco said it had recorded a loss of $219,000 in the first quarter of 2017, compared to a loss of $426,000 for the same period ended March 31 2016.

The loss for the three-month period ended 31 March 2017 included a foreign exchange loss of $32,000 compared to a foreign exchange loss of $159,000 for the same period ended 31 March 2016.

Minco is a United Kingdom-based mineral exploration and development company focused on exploration in Canada, Ireland and the United Kingdom, and indirectly on base metal and silver projects in Mexico.

Shares in Minco are currently trading down 2.12 percent at 2.08 (0925GMT).