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Silver Standard Resources Swings to Loss in Q3 2012 - Reaffirms 2012 Production Guidance
11/8/2012 6:58:00 AM
By: MT Newswires
Silver Standard Resources Inc. ( SSRI ) reported a third quarter 2012 loss of $2.5 million, or $0.03 per share, compared to consensus estimate of $0.01 per share earnings. Revenues were $73.5 million, which is above the $67.86 million analysts estimate.
In the same period last year, the company had a net income of $21.8 million, or $0.27 per share, on revenues of $26.15 million.
The company also maintains 2012 production guidance of between 8.2 and 8.5 million ounces of silver and between 10.5 and 11.5 million pounds of zinc.
SSRI edged up by 2 cents to $14.71 in the after-hours market.