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Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced its financial results for the third quarter of 2014, also announcing a monthly shareholder dividend of $0.02 per share on common shares of the company.
Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced its financial results for the third quarter of 2014, also announcing a monthly shareholder dividend of $0.02 per share on common shares of the company.
Financial highlights include:
- Revenue of $90.3 million generated from concentrate sales at operating costs of $53.4Â million resulted in earnings from mine operations of $36.9 million.
- Net earnings for the quarter amounted to $20.0 million or $0.13 per share.
- Operating cash flow before changes in working capital was $42.1 million or $0.29 per share.
- Silver production amounted to 5.2 million ounces at a total cash cost of $7.02 per ounce and an all-in sustaining cost of $9.62 per ounce produced, net of byproduct credits.
- Year-to-date production was 15.1 million silver ounces.
- Repaid $25 million of debt facility during the quarter. Remaining debt of $50 million due in June 2015.
- Cash and equivalents at quarter end were $78.9 million.
- The Company reported its first Proven and Probable mineral reserve estimates.
Watch Silver Investing News’ recent interview with Tahoe below:
Click here to read the full Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) press release.