CanAm Coal Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months period ended June 30, 2014, the company's revenue and EBITDA from operations were $34 million and 5.3 million respectively as compared to $29.5 million and $4.5 million in the prior year. Loss was $3.2 million as compared to $3.4 million in the prior year. Sales were 353,000 tons as compared to 318,000 tons or an increase of 11%. Operating cash flow for the first half of 2014 of $3.7 million was fairly consistent with the prior year. Investment in equipment and mine development was $1.6 million as compared to $2.4 million in the prior year. Capex (net of equipment sales), was $3.5 million as compared to $4.9 million in 2013. Free cash flow was $1.8 million compared to negative free cash flow of $0.4 million in the prior year.