Originally published at www.seclive.com
ATNA Resources Ltd. (ATNAF) announced its unaudited financial results for the third fiscal quarter of 2013, reporting a net loss of $1.2M, or $0.01 losses per share. The gold mining company's major production operation at Briggs, near Death Valley, California, sold 9,147 ounces of gold, up 35% from a year ago. The Briggs operation produced $2.2M in operating cash flow while production costs dropped 25% from $17.70 per ton crushed to $13.27 per ton crushed. ATNA reduced its debt by $5.4M during the third quarter and announced a new restructuring of its credit facility, deferring further payments to 2014. With good results, the company explains its net loss to interest expense and losses on derivatives. ATNA has produced 28,137 total ounces of gold since the start of the year and is forecast to produce between 9,000 and 10,000 ounces in fourth quarter.
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