Arian Silver’s MD&A and Results for the Nine Months Ended 30 September 2011

Arian Silver Corp. (TSXV:AGQ,AIM:AGQ,FWB:I3A) announced unaudited financial statements and management discussion & analysis reports for the first three quarters of 2011.

As quoted in the press release:

In the nine months ended 30 September 2011, the Company incurred a pre-tax loss of $10.5 million (2010: $1.2 million) which includes a gross profit for the San José mine of $0.4 million (2010: $nil), recognising the fair value non-cash expense of share purchase options vesting of $8.3 million (2010: $14,000) and other administrative expenses of $2.2 million (2010: $0.7 million). Interest income from cash resources was $35,000 (2010: $4,000). Finance loss was $0.4 million (2010: $0.2 million profit).

Arian Silver’s CEO, Jim Williams said:

“I am pleased to report that Q3 results showed significant improvements in both operational and financial performances, specifically increases in mined and milled tonnage, and gross profit.È

Click here to read the Arian Silver Corp. (TSXV:AGQ) press release.