Red Tiger Mining Inc. Reports Audited Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2015
Copper sales of $1,377,181 for the three months ended December 31, 2015 at an average realized price of $2.07 per pound. Net loss of $11,423,368 or $0.10 per share for the three months ended December 31, 2015. Adjusted LBITDA of $12,405,014 or per share of $0.10 for the three months ended December 31, 2015.
For the year, the company reported Comex Grade 1 Copper cathodes production of 1,581 tonnes for the year ended December 31, 2015.
Copper sales of $8,651,618 for the year ended December 31, 2015 at an average realized price of $2.48 per pound. Net loss of $19,492,344 or $0.17 per share for the year ended December 31, 2015. Adjusted LBITDA of $14,304,010 or per share of $0.13 for the year ended December 31, 2015.