Golden Band Resources Inc. reported earnings and operating results for the fourth quarter and year ended April 30, 2014. For the quarter, the company reported revenue of CAD 4,297,000 compared to CAD 5,726,000 reported a year ago. Net loss before impairment provision was CAD 9,100,000 compared to CAD 13,136,000 reported a year ago. Net loss was CAD 80,100,000 or CAD 0.28 per basic and diluted share compared to CAD 13,136,000 or CAD 0.04 per basic and diluted share reported a year ago. Cash from operations was CAD 2,566,000 compared to CAD CAD 2,013,000 reported a year ago. The company incurred an adjusted net loss before an impairment provision of CAD 9,099,915 compared to a loss of CAD 13,136,216 reported a year ago.

For the year, the company reported revenue of CAD 12,043,943 compared to CAD 37,665,266 reported a year ago. Net loss before impairment provision on mine, plant and equipment was CAD 36,626,706 compared to CAD 26,850,868 reported a year ago. Net loss was CAD 107,626,706 or CAD 0.38 per basic and diluted share compared to CAD 26,850,868 or CAD 0.09 per basic and diluted share reported a year ago. The company incurred an adjusted net loss before an impairment provision on mine, plant and equipment in amount of CAD 36,626,706 in 2014 compared to a loss of CAD 26,850,868 in 2013, which was weakened by increase in cash cost per ounce of gold sold and the suspension of mining activities in January 2014.

During the quarter, the company produced nil gold ounces compared to 2,383 gold ounces in the fourth quarter of 2013 due to the suspension of mining operations in January 2014.

For the year, the company's production from underground operations at Roy Lloyd mine had a combined total (high and low grade) of 41,199 tonnes of ore at an average grade of 6.9 g/t gold. Production from open pit operations at Golden Heart totaled just under 25,254 tonnes of material with a head grade of about 3.2 g/t gold. Production from open pit operations at Greywacke (JV) totaled 16,326 tonnes of material with 13,564 tonnes milled at a reconciled head grade of 6.87 g/t gold. Recoverable gold from the bulk sample is reported to be 2,533.4 troy oz.