Sable Mining Africa Limited announced consolidated earnings results for the year ended March 31, 2014. For the year, the company reported operating loss of $40,097,000 against $31,503,000 a year ago. Loss before taxation was $39,619,000 against $31,654,000 a year ago.

Loss continuing operations was $39,619,000 or 3.8 cents basic and diluted per share against $31,654,000 or 2.7 cents basic and diluted per share a year ago. Loss attributable to owners of the parent company was $47,827,000 or 4.8 cents basic and diluted per share against $58,541,000 or 6.3 cents basic and diluted per share a year ago. Net cash used in operating activities was $10,568,000 against $9,703,000 a year ago.

Purchase of intangible assets arising from exploration and evaluation of mineral resources was $11,130,000 against $11,370,000 a year ago.