San Gold Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company reported revenue of CAD 59,026,472 compared to revenue of CAD 106,264,073 for the same period a year ago. Loss from operations was CAD 90,588,664 compared to CAD 83,220,117 last year. Loss before income tax was CAD 109,180,103 compared to CAD 116,782,702 last year. Net loss and comprehensive loss was CAD 109,180,103 or CAD 0.29 per basic and diluted share compared to CAD 111,326,721 or CAD 0.32 per basic and diluted share last year. The company recognized an operating loss of CAD 10.4 million and net loss of CAD 29.0 million for the year before non-cash impairment charges of CAD 71.8 million and CAD 8.4 million recognized at the end of the third and fourth quarters of 2014, respectively. The company generated cash flow from operations of CAD 10.4 million compared to CAD 2.03 million a year ago. Before changes to non-cash working capital the company used CAD 9.4 million.

For the quarter, the company reported revenue of CAD 11.3 million on gold sales of 8,341 ounces at a realized price of CAD 1,359 per ounce. The company reported an operating loss of CAD 0.7 million and a net loss of CAD 8.0 million. Generated cash flow from operations was CAD 8.3 million. Before changes to non-cash working capital the company used CAD 1.0 million.

The company reported production results for the fourth quarter and full year ended December 31, 2014. For the year, the company reported production of 41,890 ounces of gold.

For the quarter, the company reported production of 8,407 ounces of gold.