baja mining corp (BAJ) Snapshot

Baja Mining Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported loss before other items of $2,228,000 against $5,697,000 a year ago. Loss before tax was $17,354,000 against $29,581,000 a year ago. Loss for the period attributable to shareholders of the company was $17,589,000 or $0.05 per basic and diluted share against $21,344,000 or $0.06 per basic and diluted share a year ago. Negative cash flows from operating activities were $2,076,000 against $3,583,000 a year ago.

Baja Mining Corp. reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported loss attributable to share holders of $270,273,000 or $0.79 basic and diluted loss per share compared to income attributable to share holders of $11,512,000 or $0.03 basic and diluted income per share of prior year. Loss before income tax was $322,942,000 against income before income tax of $22,498,000 of prior year. Cash flows from operating activities were negative at $19,363,000 against $15,217,000 of prior year. Acquisition of property, plant and equipment was $279,238,000 against $339,599,000 of prior year.

Baja Mining Corp. filed its Annual on Apr 02, 2013 for the period ending Dec 31, 2012. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.