Maudore Minerals Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013 and operating results for the second quarter ended June 30, 2013. For the quarter, the company reported loss from mining operations of CAD 176,537. Loss from operations was CAD 10,837,016 against CAD 459,692 a year ago. Loss before income taxes was CAD 12,022,052 against CAD 433,852 a year ago. Net loss and comprehensive loss was CAD 10,959,364 or CAD 0.33 per basic and diluted share against CAD 153,492 a year ago.

For the six months, the company reported loss from mining operations of CAD 245,477. Loss from operations was CAD 14,173,200 against CAD 706,123 a year ago. Loss before income taxes was CAD 15,817,802 against CAD 650,701 a year ago. Net loss and comprehensive loss was CAD 13,709,083 or CAD 0.45 per basic and diluted share against CAD 190,593 a year ago. Cash flow from operating activities was CAD 6,618,300 against CAD 791,927 a year ago. Additions to property, plant and equipment was CAD 3,523,258 for the period ended June 30, 2013. Additions to exploration and evaluation assets were CAD 347,212 against CAD 6,487,916 a year ago.

For the second quarter, the company reported gold production of 4,664 ounces.

The company reported impairment of property, plant and equipment of CAD 9,830,000 for the second quarter ended June 30, 2013.