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Dia Bras Slightly Higher As Reports Record Production, Q3 Financial Results

Dia Bras Exploration Inc. (DIB.V) edged up roughly 1% to day high $2.65, moving further away from today's $2.60 open, after the company announced third quarter 2011 financial and production results.

The company said total revenues soared 1059% to $45,259 during the quarter compared to last year's $3,905. This resulted to a net income of $1,255, erasing the previous year's $5,352 net loss. Total production was 579 thousand ounces of silver, 3.9 million pounds of copper, 7.8 million pounds of lead and 14.5 million pounds of zinc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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