West African Iron Ore Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported loss of CAD 2,654,590 compared to CAD 2,039,660 a year ago. Comprehensive loss was CAD 2,369,288 or CAD 0.01 per basic and diluted share compared to CAD 2,163,984 or CAD 0.01 per basic and diluted share a year ago. Cash used in operating activities was CAD 2,337,122 compared to CAD 2,579,703 a year ago. Acquisition of property, plant and equipment was CAD 1,955 against CAD 381,402 for the same period a year ago.

For the nine months, the company reported loss of CAD 8,270,433 compared to CAD 7,184,251 a year ago. Comprehensive loss was CAD 8,046,542 or CAD 0.05 per basic and diluted share compared to CAD 7,317,088 or CAD 0.05 per basic and diluted share a year ago. Cash used in operating activities was CAD 6,570,467 compared to CAD 5,159,505 a year ago. Acquisition of property, plant and equipment was CAD 224,773 against CAD 1,008,723 for the same period a year ago.