Gryphon Gold Corporation reported consolidated earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported loss from operations of $963,617, net loss of $1,064,576 or $0.01 loss per share on net sales of $3,504,293 against loss from operations of $618,286, net loss of $804,461 for the same period a year ago.

For the six months, the company reported loss from operations of $892,040, net loss of $1,443,727 or $0.01 loss per share on net sales of $9,393,656 against loss from operations of $1,210,751, net loss of $1,387,922 or $0.01 loss per share for the same period a year ago. Net cash used in operating activities was $2,504,057, purchase of property, plant and equipment was $1,551,491 against net cash used in operating activities was $1,654,472, purchase of property, plant and equipment was $6,783,785 for the same period a year ago.

The company reported write down of mining property of $11,003.