Red Tiger Mining Inc. Announces Earnings Results for Second Quarter and Six Months Ended June 30, 2014 ; Announces Production Results for Second Quarter Ended June 30, 2014
For the six months period, the company reported copper sales of $23,422,405 at an average realized price of $3.10 per pound. Net earnings were $85,411 for the six months ended June 30, 2014. Adjusted EBITDA was $9,835,484 or adjusted EBITDA per share of $0.10 for the six months ended June 30, 2014.
The company announced production results for second quarter ended June 30, 2014. For the quarter, the company reported mining ore mined of 283,480 tonnes, waste rock mined and removed of 1,343,687 tonnes, crushing and stacking ore crushed and stacked of 279,970 tonnes, copper cathodes produced of 1,812 tonnes compared to the mining ore mined of 230,432 tonnes, waste rock mined and removed of 1,047,433 tonnes, crushing and stacking ore crushed and stacked of 230,326 tonnes, copper cathodes produced of 1,108 tonnes for the same quarter a year ago.