Red Eagle Mining Corporation reported unaudited consolidated earnings and production results for the second quarter ended June 30, 2018. For the quarter, net loss was $72,915,000 against $4,339,000 a year ago. Basic & diluted loss per share was $0.17 against $0.02 a year ago. The net loss increased compared to the 2017 period primarily due to recording a non-cash impairment charge of $69.2 million to recognize property, plant and equipment of the San Ramon Gold Mine and mill at their estimated recoverable amount.

For the quarter, ore mined was 63,224 tonnes. Ore processed (tonnes) was 62,893 tonnes. Processed gold grade was 3.0 g/t au. Gold produced was 5,579 ounces.