FULL YEAR 2016 HIGHLIGHTS
Produced a record 11.9 million ounces of silver, or 18.7 million silver equivalent ounces.
AISC of $10.79 per payable silver ounce, representing a 20% decrease compared to 2015.
Record revenues of $278.1 million, representing a 27% increase compared to 2015.
Mine operating earnings of $49.2 million, representing a 464% increase compared to 2015.
Earnings per share of $0.05 (basic) compared to a loss per share of ($0.84) in 2015.
Operating cash flows before working capital and taxes of $107.3 million or $0.67 per share.
Ended the year with record cash and cash equivalents of $129.0 million, up from $51.0 million in 2015.
Q4 2016 HIGHLIGHTS
Produced 2.8 million ounces of silver, or 4.4 million silver equivalent ounces.
All-in Sustaining costs ("AISC") of $12.90 per payable silver ounce, representing a 14% increase compared to Q4 2015.
Revenues totaled $66.2 million, relatively unchanged compared to Q4 2015.
Mine operating earnings of $9.9 million, representing a 154% increase compared to Q4 2015.
Operating cash flows before working capital and taxes of $23.4 million or $0.14 per share (non-GAAP).
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