Energold Drilling Corp. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of CAD 20,175,000 against CAD 16,555,000 a year ago. Total net loss was CAD 5,585,000 or CAD 0.11 per diluted share against CAD 7,290,000 or CAD 0.15 per diluted share a year ago. LBITDA was CAD 3,386,000 against CAD 5,044,000 a year ago. Adjusted net loss was CAD 4,833,000 or CAD 0.10 per diluted share against CAD 6,806,000 or CAD 0.14 per diluted share a year ago.

For the nine months, the company reported total revenue of CAD 78,038,000 against CAD 93,692,000 a year ago. Total net loss was CAD 8,286,000 or CAD 0.17 per diluted share against CAD 5,128,000 or CAD 0.10 per diluted share a year ago. EBITDA was CAD 1,363,000 against CAD 4,395,000 a year ago. Adjusted net loss was CAD 6,274,000 or CAD 0.13 per diluted share against CAD 2,900,000 or CAD 0.06 per diluted share a year ago. The company's improved results reflect management's strategy to focus on key markets while selectively opening new ones to grow the business amid ongoing industry headwinds. As well management is continuing to execute cost management practices.