Altura Mining Limited provided earnings guidance for the half year ended 31 December 2013. For the period the company expects the net loss is likely to be in the range of $2.4 million to $2.6 million. This compares with the Company's result for the 6 months ended 31 December 2012 of a loss of $1.7 million.

The increased loss in the current year is principally due to the impairment of the exploration and evaluation expenditure held for the Balline Garnet project.