Sable Mining Africa Limited announced consolidated earnings results for the year ended March 31, 2013. For the year, the company reported operating loss of $87,539,000 against $44,236,000 a year ago. Loss before taxation was $87,555,000 against $42,980,000 a year ago.

Loss continuing operations was $75,075,000 or 6.3 cents basic and diluted per share against $42,767,000 or 4.3 cents basic and diluted per share a year ago. Loss attributable to owners of the parent company was $58,541,000 or 6.3 cents basic and diluted per share against $40,012,000 or 4.3 cents basic and diluted per share a year ago. Net cash used in operating activities was $9,382,000 against $17,376,000 a year ago.

Purchase of intangible assets was $11,370,000 against $18,389,000 a year ago. Purchase of property, plant and equipment was $665,000 against $6,813,000 a year ago.