CanAm Coal Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. The company announced its third quarter 2013 financial results for the period ending September 30, 2013. Revenue, EBITDA from operations and loss attributable to owners of the parent for the quarter were $17.9 million, $3.4 million and $0.964 million respectively as compared to $14.7 million, $3.3 million and $0.96 million in the prior year. Free cash flow was $1.7 million against negative free cash flow of $1.9 million a year ago. Income from mining operations was $1,021,184 against $1,577,419 a year ago. Loss before tax was $1,192,674 against $999,340 a year ago. Operating cash flow was $2.0 million against $1.0 million a year ago. Capex was $1.7 million against $5.2 million a year ago.

Revenue, EBITDA from operations and loss attributable to owners of the parent for the nine months were $47.343 million, $7.9 million and $4.23 million respectively as compared to $40.84 million, $3.643 million and $1.0 million in the prior year. Income from mining operations was $1,332,971 against $1,231,969 a year ago. Loss before tax was $5,900,377 against $4,682,468 a year ago.

October production exceeded 70,000 tons.

Although all of the company's mines are now positioned to produce at optimum levels and all of 2013 production is committed into off-take contracts, the company anticipates sales for the fourth quarter to be below third quarter levels due to plant maintenance and other factors at three main customers and overall reduced shipping days during the year-end holiday season. These factors are temporary and sales at these customers are expected to revert to normal quarterly levels in January.

On the basis of the forgoing and the fact that all of 2013 production and the majority of 2014 production has been sold into off-take contracts with customers, the company expects to consistently generate free cash flow for the remainder of 2013 and 2014.