Golden Band Resources Inc. announced earnings results for the fourth quarter and year ended April 30, 2013. For the quarter, the company reported revenues of CAD 5,726,000 compared to CAD 14,966,000 a year ago. Net loss was CAD 13,136,216 compared to CAD 5,327,462 a year ago. Basic and diluted LPS was CAD 0.04 compared to CAD 0.02 a year ago. Cash from operations was CAD 2,013,000 compared to CAD 6,075,000 a year ago. The decrease in income is due to the lower production in fourth quarter of 2013 from fourth quarter of 2012, which, in addition, was weakened by increase in cash cost per ounce of gold sold.

For the year, the company reported revenues of CAD 37,665,266 compared to CAD 67,913,921 a year ago. Net loss was CAD 26,850,868 compared to CAD 6,424,093 a year ago. Basic and diluted LPS was CAD 0.09 compared to CAD 0.02 a year ago. Cash flow from operations was CAD 2,136,325. The decrease in income is due to the lower production of gold, which, in addition, was weakened by increase in cash cost per ounce of gold sold.