Northland Resources S.A. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
For the nine months, the company sales of $119,140,000 compared to $55,725,000 a year ago. Operating loss was $1,091,882,000 compared with $111,175,000 for the same period last year. Loss before tax was $1,152,328,000 compared with profit before tax of $273,140,000 for the same period last year. Loss was $1,215,040,000 or $19.42 fully diluted per share compared with profit of $271,635,000 or $6.50 fully diluted per share for the same period last year. LBITDA was $30.8 million compared to $75.5 million a year ago. Net cash from operating activities was $22,436,000 compared with net cash used in operating activities of $56,493,000 for the same period last year. Acquisition of property, plant and equipment including mines under construction was $133,091,000 compared with $181,006,000 for the same period last year. Investment in exploration and evaluation assets was $1,308,000 compared to $7,108,000 for the same period last year.