Red Eagle Mining Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported a net loss of $2.6 million compared to $0.1 million a year ago. The net loss increased compared to the 2016 period primarily due to an unrealized foreign exchange gain on the construction credit facility during the 2016 period and increased expenses associated with the ramp up of the San Ramon Gold Mine and Mill during the 2017 period, which also resulted in the increased values of Total Assets and Shareholders' Equity. Basic & diluted loss per share was $0.01.

Production guidance is 30,000 to 40,000 ounces of gold for 2017.