Crew Gold Corp. announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter ended September 30, 2009, EBITDA was negative CAD 8.8 million with mineral sales of CAD 34.2 million offset by direct mining and mine site administration costs of CAD 36.2 million and general corporate expenditures of CAD 3.3 million. In the same period last year EBITDA was positive at CAD 2.7 million. For the nine months EBITDA was CAD 7.8 million against negative EBITDA of CAD 10.6 million reported in the same period last year.

Crew Gold Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss from continuing operations before recovery of income taxes of $21,036,000, net loss from continuing operations of $20,327,000 or $0.19 per diluted share and net loss of $23,114,000 or $0.22 per diluted share compared to net loss from continuing operations before recovery of income taxes of $46,370,000, net loss from continuing operations of $45,509,000 or $0.71 per diluted share and net loss of $111,059,000 or $1.72 per diluted share for the same period a year ago. Cash flow used in operating activities was $2,863,000 compared to $16,287,000 reported a year ago. The company reported expenditures on LEFA mineral property, plant and equipment of $5,187,000 compared to $8,619,000 reported a year ago. Net cash outflow from continuing operations was $8,247,000 compared to $28,233,000 reported a year ago. For the nine months, the company reported net loss from continuing operations before recovery of income taxes of $43,812,000, net loss from continuing operations of $41,551,000 or $0.39 per diluted share and net loss of $30,944,000 or $0.29 per diluted share compared to net loss from continuing operations before recovery of income taxes of $109,022,000, net loss from continuing operations of $106,277,000 or $1.76 per diluted share and net loss of $185,521,000 or $3.07 per diluted share for the same period a year ago. Cash flow from operating activities was $16,987,000 compared to cash flow used in operating activities of $48,210,000 reported a year ago. The company reported expenditures on LEFA mineral property, plant and equipment of $14,119,000 compared to $8,914,000 reported a year ago. Net cash outflow from continuing operations was $3,226,000 compared to net cash inflow from continuing operations of $28,233,000 reported a year ago.

Crew Gold Corp., Special/Extraordinary Shareholders Meeting, Dec 15, 2009