Silver Standard Resources Inc. (NASDAQ:SSRI, TSX:SSO) reported their financial results for Q4 and for 2012 year-end.
As quoted in the press release:
Reported strong financial performance: Generated annual sales revenue of $241 million, a 63% increase over the $148 million generated in 2011. Increased cash and cash equivalents to $367 million from $329 million at December 31, 2011.
Silver Standard’s President and CEO, John Smith, said:
We exceeded silver production guidance, achieved cost guidance, announced the results of the Pitarrilla Feasibility Study and received approval for the San Luis Environmental Impact Assessment. More recently, we bolstered our management team and raised $265 million – enabling us to repay existing debt and helping to fund new mines.