| Silver Standard Resources posts 1Q profit | |
| | |
|
Vancouver, British Columbia (AP) _ Silver Standard Resources Inc. (T.SSO) on Tuesday reported first-quarter profit of $8.7 million (11 million CAD).
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 10 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The precious metals mining company posted revenue of $107 million (135.2 million CAD) in the period.
Silver Standard Resources shares have increased 13 percent since the beginning of the year. The stock has dropped 19 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T.SSO at http://www.zacks.com/ap/T.SSO
_____
Keywords: Silver Standard Resources, Earnings Report
|
|
|
Silver Standard Resources Inc.
|
|
PRODUCER |
CODE : SSO.TO |
ISIN : CA82823L1067 |
CUSIP : 82823L 106 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Silver Standard is a silver producing company based in Canada. Silver Standard produces silver, tin and zinc in Argentina, develops gold and silver in Peru, and holds various exploration projects in Peru. Its main asset in production is PIRQUITAS in Argentina, its main asset in development is SAN LUIS PROJECT in Peru and its main exploration properties are CANDELARIA NEVADA and BERENGUELA in Peru, VETA COLORADA, PITARILLA, PENASCO QUEMADO and SAN AGUSTIN in Mexico, SUNRISE LAKE in Canada, CHALLACOLLO in Chile and DIABLILLOS and MAVERICK SPRINGS in Argentina. Silver Standard is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.4 billions as of today (US$ 1.1 billions, € 961.5 millions). Its stock quote reached its lowest recent point on September 04, 1998 at CA$ 1.01, and its highest recent level on August 02, 2017 at CA$ 12.01. Silver Standard has 119 400 000 shares outstanding. |