Highlights
- Revenues in YTD-Q3 2011 increased by 15% to $12.8 million (at 100%) (Silvermet’s share – $6.3 million) from $11.2 million in YTD-Q3 2010.
- The Company was cash flow positive and profitable.
- Operations continued to benefit from reduced smelter treatment charges in Q3 2011.
- Production in Q3 2011 reflected the stabilization of operations at 3,669 DMT (Dry Metric Tonnes zinc concentrate containing 68.5% zinc on average) compared to Q3 2010 production of 3,615 DMT.
- Sales volume in YTD-Q3 2011 increased by 5% to 9,871 DMT from 9,421 DMT in YTD-Q3 2010)
- Revenues in Q3 2011 decreased by 15% to $4.0 million (at 100%) (Silvermet’s share – $2.0 million) from $4.8 million in Q3 2010 reflecting effect of timing of shipments and a declining zinc price trend in Q3 2011 compared to increasing prices in Q3 2010.
