RTG Mining Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. The company recorded a loss attributable to equity holders of the company for the three month period ended March 31, 2018 of $3.775 million as compared to a loss of $1.623 million for the three month period ended March 31, 2017. The increased loss result compared to the prior period was due to increased business development expenses and impairment expenses recognised over loans advanced to associates. Adjusting for impairment, the loss for the three month period ended March 31, 2018 was $0.426 million higher than the previous period. This was primarily due to an increase in business development expenses, offset by reduced share of Philippines Associates losses and foreign exchange losses recognised during the period. Basic and diluted loss per share from continuing operations was 2.23 cents against 0.97 cents a year ago. Basic and diluted loss per share attributable to ordinary shareholders was 2.23 cents against 0.97 cents a year ago. Loss from continuing operations was $3.775 million against $1.623 million a year ago. Loss before income tax from continuing operations was $3,774,849 against $1,622,783 a year ago. Net cash flows used in operating activities was $1,631,102 against $1,143,076 a year ago.

For the first quarter of 2018, the company reported impairment expense of $1.726 million.