RTG Mining Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2017; Reports Impairment Expense for the Third Quarter Ended September 30, 2017
For the nine months, the company reported loss before income tax from continuing operations of USD 8,896,014 compared to USD 4,027,706 a year ago. Loss for the period from continuing operations was USD 8,896,014 or 5.31 cents per basic and diluted share compared to USD 4,027,706 or 20.9 cents per basic and diluted share a year ago. Loss attributable to equity holders of the company was USD 8,896,014 or 4.19 cents per basic and diluted share compared to USD 3,327,863 or 1.86 cents per basic and diluted share a year ago. Net cash flows used in operating activities was USD 3,055,388 compared to USD 3,275,208 a year ago. Payments for property, plant and equipment was USD 538 compared to USD 2,433 a year ago.
For the quarter, the company reported impairment expense of USD 1,859,374.