Northland Resources S.A. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
For the nine months, the company sales of $55,725,000. Operating loss was $112,429,000 compared with $27,257,000 for the same period last year. Profit before tax was $271,850,000 compared with loss before tax of $18,413,000 for the same period last year. Profit was $271,635,000 or $6.50 fully diluted per share compared with loss of $19,223,000 or $4.19 fully diluted per share for the same period last year. Net cash used in operating activities was $56,476,000 compared with $33,976,000 for the same period last year. Acquisition of property, plant and equipment including mines under construction was $181,006,000 compared with $380,286,000 for the same period last year. Investment in exploration and evaluation assets was $7,108,000 compared to $13,088,000 for the same period last year.