U.S. Silver Reports 1st Quarter 2011 Results

Financial Post reported that US Silver (TSXV:USA) released its financial results for first quarter 2011.

The market news is quoted as saying:

“Revenue, profit and cash flow reached record levels in the first quarter. This occurred despite revenue being recognized for only five of the seven rail cars shipped in the quarter, as two railcars were not received at the smelter until a few days after the quarter end due to weather related issues while in transit. These will be recorded as revenue in Q2,” said Mr. Tom Parker, CEO.

To read the full market news, click here.