Besra Gold Inc. announced unaudited consolidated earnings and production results for the third quarter and nine months ended March 31, 2014. For the quarter, sales were $4,860,507 compared to $19,812,500 a year ago. Loss for the period before income tax was $8,881,332 compared to $322,906 a year ago. Total comprehensive loss attributable to equity owners was $7,167,592 or $0.019 basic and diluted per share compared to $579,825 or $0.002 basic and diluted per share a year ago. Cash used in operating activities was $113,348 compared to cash provided by operating activities of $57,955 a year ago. Deferred exploration and development costs was $463,741 compared to $2,300,448 a year ago.

For the nine months, sales were $38,869,318 compared to $60,528,213 a year ago. Loss for the period before income tax was $47,159,285 compared to $7,698,020 a year ago. Total comprehensive loss attributable to equity owners was $40,870,829 or $0.108 basic and diluted per share compared to $8,955,205 or $0.024 basic and diluted per share a year ago. Cash provided by operating activities was $1,996,747 compared to $7,580,979 a year ago. Acquisition of property, plant and equipment was $2,001,007 compared to $2,062,507 a year ago. Deferred exploration and development costs was $2,996,410 compared to $7,298,619 a year ago.

For the quarter, gold produced was 3,943 ozs against 13,589 ozs a year ago.

For the nine months, gold produced was 25,918 ozs against 41,706 ozs a year ago.

The company revised production guidance for the year 2014. The company revising down production forecast for the year from 40,000 ozs - 45,000 ozs to 31,000 ozs - 34,000 ozs.

For the quarter, impairment charges were $2,264,145.