Northland Resources S.A. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of $47,337,000 compared to $31,410,000 a year ago. Operating loss was $872,947,000 compared with $33,392,000 for the same period last year. Loss before tax was $920,475,000 compared with profit of $387,552,000 for the same period last year. Loss was $932,709,000 or $13.07 fully diluted per share compared with profit of $387,182,000 or $3.39 fully diluted per share for the same period last year. LBITDA was $11.9 million compared to $18.4 million a year ago.

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.