Beadell, from Australia, released its 2015 financial accounts after the market closed last night, declaring an after-tax loss of $44.3 million, down from a $49.5 million profit in 2014.
The loss was fuelled by after-tax impairments of $16.8 million on its Brazilian operations, with $11.8 million related to its ill-fated plan to sell iron ore as a by-product to its gold mining.
Beadell declared a gross profit on its mining operations of $51.2 million on sales revenue of $190.6 million.
The company said it had lowered production costs by 4 per cent to $139.4 million, despite moving 48 per cent more earth at its Tucano gold mine in Brazil.
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