Almonty Industries Inc. announced audited consolidated earnings results for the fourth quarter and full year ended September 30, 2018. For the quarter, the company reported gross revenue was CAD 14,629,000 against CAD 10,809,000 a year ago. Loss from mining operations was CAD 15,072,000 against earnings of CAD 944,000 a year ago. Net loss for the period was CAD 18,830,000 against income of CAD 719,000 a year ago. Loss per share basic was CAD 0.10.

For the year, the company reported gross revenue was CAD 65,171,000 against CAD 39,018,000 a year ago. Earnings from mining operations was CAD 1,713,000 against CAD 269,000 a year ago. Net loss for the period was CAD 10,689,000 against CAD 8,242,000 a year ago. Loss per share basic was CAD 0.06 against CAD 0.07 a year ago.

For the quarter, the company reported impairment loss of CAD 15,604,000.