LeadFX Inc. reported audited consolidated earnings results for the first quarter ended March 31, 2016. The company reported results for the three months ended March 31, 2016 with net loss of $4.1 million or $0.11 per share compared to a net loss of $2.4 million or $0.22 per share for the first quarter of 2015. The net loss of $4.1 million was primarily due to care and maintenance costs of $1.0 million, general and administration costs of $1.4 million and foreign exchange losses of $0.9 million.

Cash used in operations of $0.8 million compared to $1.6 million a year ago.