Silver Standard Sinks to Deeper Loss in Q1, Revenues Miss Estimates
Silver Standard Resources Inc. ( SSRI ) reported first quarter 2013 net loss of $4.6 million, or $0.06 per share, compared to a net loss of $1.0 million, or $0.01 per share, in the prior-year period. Revenues for the quarter came in at $49.1 million, up from last year's $38.4 million. Analysts expected revenues of $50.1 million.
The company expects to produce and sell between 8.2 million and 8.5 million ounces of silver and produce over 20 million pounds of zinc in 2013 at the Pirquitas mine.
SSRI inched up by 5 cents to $7.25 in late trade.