Q: Comments on just released eps and cash flow please. Thanks
5i Research Answer:
EPS of $0.08 missed estimates of $0.099 and sales of $81.33M missed estimates of $83.04M. Operating cash flow of U$48.3M increased from U$40.0M in the prior year. It demonstrated strong growth in production, with a 79% increase in gold production, followed by silver equivalents and silver at 12% and 6%, respectively. The market reacted fairly positively to the news, and with the broader positive trends in the price of silver, we think this name looks interesting.