Pacific Rim Mining Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2013. For the quarter, the company reported operating loss of $1,028,000 against $1,004,000 a year ago. Net loss and comprehensive loss for the period was $865,000 or $0.00 per basic and diluted share against $920,000 or $0.01 per basic and diluted share a year ago. For the nine months, the company reported operating loss of $3,005,000 against $2,949,000 a year ago. Net loss and comprehensive loss for the period was $2,774,000 or $0.01 per basic and diluted share against $1,491,000 or $0.01 per basic and diluted share a year ago. Cash flow used for operating activities was $2,681,000 against $2,525,000 a year ago. This $1.3 million increase in net loss period over period is primarily attributable to a $1.3 million difference in unrealized gain on derivative liability ($1.5 million for the first nine months of fiscal 2012 compared to $0.2 million for the same period of the current fiscal year).

Pacific Rim Mining Corporation is looking for acquisition opportunities. Pacific Rim intends to continue its project generation initiatives with the aim of evaluating and possibly acquiring new exploration properties of merit that fit its exploration focus. Pacific Rim also continues to evaluate new project opportunities in North and Central America.

Pacific Rim Mining Corporation announced consolidated earnings results for the second quarter and six months ended October 31, 2012. For the quarter, the company’s net loss was $1.4 million or $0.01 per share compared to $0.8 million or $0.00 per share for the same period a year earlier. The loss recorded for second quarter of 2013 is primarily a result of operating losses of $1.3 million compared to $1.1 million during second quarter of 2012. While second quarter of 2012 operating losses were offset by a $0.4 million gain on derivative liability (unrealized income related to changes in the fair value of common stock warrants issued by the company during private placement financings), operating losses were increased during second quarter of 2013 by a $0.1 million loss on derivative liability. For the six months ended October 31, 2012, the company recorded a loss of $1.9 million or $0.01 per share, compared to $0.6 million or $0.00 per share, for the six months ended October 31, 2011. This $1.3 million increase in net loss period over period is primarily attributable to a $1.3 million difference in unrealized gain on derivative liability ($1.4 million for the first six months of fiscal 2012 compared to $0.1 million for the same period of the current fiscal year).