LeadFX Inc. announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2015. In the fourth quarter, the company realized a net loss of $1.7 million or $0.07 per share compared to a net loss of $101.2 million or $9.62 per share for the fourth quarter of 2014. The net loss for the quarter was primarily due to $2.0 million of net care and maintenance costs and finance expenses of $0.2 million. Cash used in operating activities was $1,957,000 against cash provided by operating activities of $3,870,000 a year ago.

The net loss was $12.9 million or $0.90 per share for the year ended December 31, 2015 against $105.7 million or $10.05 per share a year ago. The net loss for the year ended December 31, 2015 was due to the fact that the Paroo Station mine was on full care and maintenance for the past three quarters. Cash used in operating activities was $4,381,000 against $87,000 a year ago. Revenue was $27,163,000 against $151,103,000 a year ago.

For the year, Ore milled was 171,200 tones against 1,438,000 tones a year ago. Concentrate produced was 14,000 tones against 120,000 tones a year ago.