Radius Gold Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Reports Write-Off for Third Quarter of 2013
For the nine months, the company reported loss before other income of CAD 1,535,625 compared to CAD 1,406,500 a year ago. Net loss for the period was CAD 1,693,960 or CAD 0.02 per basic and diluted share compared to net income of CAD 10,867,895 or CAD 0.13 per basic and diluted share a year ago. Net cash used in operating activities was CAD 1,345,011 compared to CAD 1,212,678 a year ago. Purchase of property and equipment was CAD 1,255 against CAD 28,559 a year ago.
For the third quarter of 2013, the company reported write-off of exploration and evaluation asset costs of CAD 171,815.