North American Tungsten Corp. Ltd. reported earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported net loss of $4.5 million or $0.02 per share compared to a net loss of $4.0 million or $0.02 per share for the comparable quarter in fiscal 2013.

Revenue of $20.5 million for the quarter reflects production below planned levels, with 62,000 mtus produced, primarily due to lower feed grade in the stopes that were available for production during most of the quarter. Despite strong demand for the product and favorable pricing, the Company experienced a loss of $4.5 million for the quarter and a moderate net cash outflow of $0.5 million. During the latter part of December and subsequent to quarter end, the feed grade improved significantly and daily production has increased accordingly.