Markets

ECU Silver's Loss Deepens in Q2

ECU Silver Mining (ECU.TO) said Tuesday that for the second quarter 2011, it had a net loss of $4.4 million or $0.014 per share versus $2.1 million, or $0.007 per share, in Q1 2011.

The company also said it generated net revenues from the sale of dore bars and concentrates for a total of $4.1 million compared to nearly $6 million over the first quarter ended March 31, 2011. The decrease is a result of a cessation in payments for deliveries of the gold/pyrite stockpile and a shortage of cyanide supply due to a plant shutdown of a major industrial supplier in the United States.

ECU shares are now unchanged at 64 cents.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More