Southern Cross Gold Consolidated (ASX:SX2) reported Wednesday a loss of CA$0.03 per basic and diluted share for the six months ended Nov. 30, compared with a loss of CA$0.05 a year ago, according to a Wednesday filing with the Australian bourse.

The company also reported net loss attributable to shareholders of CA$2.4 million, compared with a loss of CA$41.8 million a year earlier, the filing said.

Net cash provided by financing activities rose to CA$1.3 million for the same period, from CA$803,802 a year ago, the filing said.

SX2 has not earned revenue to date and its operations are funded from equity financing which may be difficult to raise when required, the filing added.

The gold and antimony explorer said it cannot assure securing further financing in the future and raised concerns about its ability to continue as a "going concern".

Shares of the company slid 2% in recent Wednesday trade.