Loading ...THIRD QUARTER 2016 HIGHLIGHTS
(compared to Third Quarter 2015)
•Silver equivalent production increased 27% to 4.5 million ounces
•Silver production increased 20% to 3.1 million ounces – a new quarterly record
•All-in sustaining costs (“AISC”) decreased 27% to $10.52 per payable silver ounce
•Revenues increased 78% to $79.3 million
•Realized average silver price increased 30% to $19.72 per ounce
•Mine operating earnings increased 656% to $20.0 million
•Net earnings increased 556% to $8.1 million (Basic EPS of $0.05)
•Adjusted earnings, excluding non-cash and non-recurring items, increased 254% to $11.7 million (Adjusted EPS of $0.07)
•Operating cash flows before working capital and taxes increased 319% to $35.4 million or $0.22 per share (non-GAAP)
•Cash costs decreased 33% to $5.84 per payable silver ounce (net of by-product credits)
•Cash and cash equivalents totaled $122.5 million at the end of the quarter, representing a $14.3 million increase compared to the previous quarter