Keegan Resources Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported loss before future income tax expense was USD 2,629,539 compared to USD 7,557,450 a year ago. Loss for the quarter was USD 2,629,539 or USD 0.03 per basic and diluted share compared to USD 7,579,905 or USD 0.17 per basic and diluted share a year ago. Comprehensive loss for the quarter was USD 2,629,539 compared to USD 7,737,088 a year ago. Cash used in operating activities was USD 1,959,714 compared to USD 5,520,377 a year ago. Purchase of plant, property and equipment was USD 494,137 compared to USD 128,883 a year ago.

For the nine months, the company reported loss before future income tax expense was USD 30,110,425 compared to USD 24,251,520 a year ago. Loss for the period was USD 30,110,425 or USD 0.40 per basic and diluted share compared to USD 24,521,520 or USD 0.53 per basic and diluted share a year ago. Comprehensive loss for the period was USD 30,110,425 compared to USD 24,251,520 a year ago. Cash used in operating activities was USD 19,942,287 compared to USD 17,532,139 a year ago. Purchase of plant, property and equipment was USD 1,546,061 compared to USD 787,645 a year ago.