Banks Island Gold Ltd. announced earnings and operating results for the first quarter ended May 31, 2015. For the quarter, the company announced revenue, net of treatment of refining charges, from the sale of concentrates of $4.8 million, and cash flows from operating activities of $1.3 million. Loss from mine operations for the three months ended May 31, 2015 was $537,000, loss from mine operations adjusted for non-cash amounts for depreciation, depletion and share-based compensation meant the company had adjusted cash earnings from mine operations of $930,000.

For the quarter, the company announced Gold Contained in Concentrate production of 2,021 ounces and Silver Contained in Concentrate production of 3,200 ounces. Estimated production payable from Smelter is 1,863 ounces of Gold equivalent and average estimated production payable from Smelter 62 ounces of Gold equivalent per day. The company sold 3,837 payable gold equivalent ounces.