Red Tiger Mining Inc. Announces Financial and Production Results for the Second Half and Year Ended December 31, 2013 and for the First Quarter Ended March 31, 2014
For the fourth quarter ended December 31, 2013, the company reported $5,121,019 against net earnings of $3,014,042 a quarter ago.
Net loss of $993,424 or $0.01 per share for the year ended December 31, 2013. Adjusted EBITDA was $8,402,653 or adjusted EBITDA per share of $0.09 for the year ended December 31, 2013.
Comex Grade 1 Copper cathodes production of 1,619 tons for the three months ended March 31, 2014 against 949 tons a year ago.
Copper sales of $10,955,699 for the three months ended March 31, 2014 at an average realized price of $3.07 per pound. Net loss of $59,460 or $0.00 per share for the three months ended March 31, 2014. Adjusted EBITDA of $4,486,110 or adjusted EBITDA per share of $0.04 for the three months ended March 31, 2014.