Gryphon Gold Corporation reported audited consolidated earnings results for the fourth quarter and full year ended March 31, 2012. For the quarter, the company reported sales of product of $1,806,048. Loss from operations was $474,310 compared to $900,152 a year ago. Loss for the period from continuing operations was $2,578,423 or $0.016 per basic and diluted share compared to $806,824 or $0.012 per basic and diluted share a year ago. Net loss for the period was $2,578,423 or $0.016 per basic and diluted share compared to $887,982 or $0.012 per basic and diluted share a year ago. For the full year, the company reported sales of product of $2,737,842. Loss from operations was $2,372,149 compared to $3,302,441 a year ago. Loss for the period from continuing operations was $5,121,372 or $0.030 per basic and diluted share compared to $3,383,599 or $0.040 per basic and diluted share a year ago. Net loss for the period was $5,121,372 or $0.030 per basic and diluted share compared to $2,747,891 or $0.040 per basic and diluted share a year ago. Cash used in operating activities was $5,441,086 compared to $3,421,806 a year ago. Purchase of property, plant & equipment was $9,618,934 compared to $59,007 a year ago. The company estimates it will invest approximately $9.0 million to $12.0 million in capital investments during fiscal 2013.