Energold Drilling Announces Third Quarter 2013 Financial Results
Energold Drilling Corp. reported the following financial results for the third quarter of 2013. Company-wide revenue during the third quarter of 2013 was $16.6 million, compared to $29.9 million in the third quarter of 2012. The decline in revenue was mostly related to the year-over-year decrease in mineral exploration activity. Gross margin fell to negative 5% in the third quarter of 2013 from 21% in the comparable period of 2012. The Company had a net loss in the third quarter of ($0.15) per share, compared to a net loss of ($0.05) per share in the same period of 2012.









