Clifton Mining Co. Reports Consolidated Earnings Results for the Year Ended December 31, 2011
Clifton Mining Co. reported consolidated earnings results for the year ended December 31, 2011. For the period, the company reported revenue of $28,494. Loss from operations was $869,512 compared to $648,674 a year ago. Loss before income taxes was $456,365 compared to $486,322 a year ago. Net loss attributable to the company was $456,480 or $0.01 per basic and diluted share compared to $486,361 or $0.01 per basic and diluted share a year ago. Net cash used in operating activities was $265,443 compared to $396,428 a year ago. Acquisition of property, plant, and equipment was $11,435 compared to $25,250 a year ago.