Corsa Coal Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues of $18,662,000 compared to $39,670,000 a year ago. Net and comprehensive loss was $8,052,000 compared to $11,720,000 a year ago. Adjusted LBITDA was $1,796,000 compared to adjusted EBITDA of $346,000 a year ago. Cash used in operating activities was $2,928,000 compared to cash provided by operating activities of $3,166,000 a year ago.

For the six months period, the company reported revenues of $35,275,000 compared to $71,036,000 a year ago. Net and comprehensive loss was $16,349,000 compared to $37,347,000 a year ago. Adjusted LBITDA was $2,415,000 compared to $302,000 a year ago. Cash used in operating activities was $4,525,000 compared to cash provided by operating activities of $6,818,000 a year ago.

The company updated sales guidance for the year ending December 31, 2016. For the full year, the company expects total sales of 1,350,000 to 1,650,000 tons.