Great Western Minerals Group, Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
For nine months, the company reported sales of CAD 12,191,530 compared to CAD 12,897,685 a year ago. Loss before income taxes was CAD 20,024,686 compared to CAD 20,890,955 a year ago. Net loss was CAD 19,909,531 or CAD 0.048 per basic and diluted share compared to CAD 20,978,002 or CAD 0.051 per basic and diluted share a year ago. Cash used in operating activities was CAD 19,474,979 compared to CAD 20,333,638 a year ago. Purchase of property, plant and equipment was of CAD 4,989,288 compared to CAD 8,878,471 a year ago.