Cerro Grande Mining Corporation reported audited consolidated earnings results for the fourth quarter and year ended September 30, 2013 and operating results for the year ended September 30, 2014. For the quarter, the company's revenue was $3,067,000 against $3,598,000 a year ago. Loss and comprehensive loss before income taxes was $1,081,000 against income of $806,000 a year ago. Loss and comprehensive loss for the period was $1,081,000 against $10,000 a year ago.


For the year, the company's the company's revenue was $14,064,000 against $18,778,000 a year ago. Loss and comprehensive loss before income taxes was $5,224,000 against $7,128,000 a year ago. Loss and comprehensive loss for the period was $5,147,000 against $6,220,000 a year ago. Basic loss per share was 0.06 cents compared to a loss of 0.04 cents per share in 2012. Cash flow used in operations as at September 30, 2014 was $289 against $2,338 a year ago. Basic loss per share for the year ended September 30, 2014 was $0.05 per share compared to $0.06 per share in the same period 2013.

Gold produced by the Pimenton Mine for the year ended September 30, 2014 was 9,220 oz compared to 10,835 oz in the prior year. The average gold recovery for the year ended September 30, 2014 was 93.73% compared to 94.28% in the prior year.