Red Eagle Mining Corporation announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported net loss of USD 15,739,000 against USD 6,928,000 a year ago. Basic and diluted loss per share was USD 0.05 against USD 0.03 a year ago. The net loss increased compared to the 2016 period primarily due to increased mine site expenses as less costs were capitalized during 2017, mineral property exploration costs as Santa Rosa regional targets were drilled for the first time and interest expense.

The company announced production results for the month and year to date ended February 2018. For the month, the company reported ore mined of 17,092 tonnes. Ore processed was 21,138 tonnes, gold grade was 3.19 g/t, gold produced was 1,974 ounces. Recovery was 91%.

For the year to date, the company reported ore mined of 29,589 tonnes. Ore processed was 39,146 tonnes, gold grade was 2.17 g/t, gold produced was 3,074 ounces. Recovery was 93%.