Nord Resources Corp. filed its 10-K on Mar 27, 2013 for the period ending Dec 31, 2012. In this report its auditor, Mayer Hoffman McCann P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Nord Resources Corp. reported audited consolidated earnings results for the year ended December 31, 2012. For the period, the company’s net sales were $8,141,816 against $14,488,727 a year ago. Loss from operations was $5,470,057 against $5,619,212 a year ago. Loss before income taxes was $10,254,344 against $10,316,294 a year ago. Net loss was $10,254,344 or $0.09 basic and diluted per share against $10,316,294 or $0.09 basic and diluted per share a year ago. Net cash used by operating activities was $141,728 against net cash provided by operating activities of $72,964 a year ago. Capital expenditures were $43,697 against $753,910 a year ago.

Nord Resources Corp., which is producing copper at its Johnson Camp Mine in Arizona, announced that it has amended its copper cathode sales agreement with Red Kite Master Fund Limited for 100% of the production from the Johnson Camp Mine, to extend its termination date from March 31, 2013 to June 30, 2013. After June 30, 2013, the agreement is renewable by mutual agreement of both parties. Pursuant to the agreement, Red Kite accepts delivery of the cathodes at the Johnson Camp Mine, and pricing is based on the COMEX price for high-grade copper on the date of sale.