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Article: Apex Silver Mines Limited Reports Third Quarter 2003 Results.
- Article from:
- PR Newswire
- Article date:
- November 7, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apex Silver Mines Limited today reported a loss of $1.0 million, or $0.03 per share, for the third quarter of 2003, compared to a loss of $2.4 million, or $0.07 per share for the third quarter of 2002. The lower loss was due to a $0.5 million mark- to-market gain recorded on Apex Silver's open metals trading positions in the third quarter 2003 compared to a $0.3 loss incurred in the same period of 2002. In addition, third quarter exploration expenses were approximately $0.9 million lower than in the same period of 2002. In the first nine months of 2003 and 2002, Apex Silver's net loss was $4.7 million and $6.7 million or $0.13 and $0.19 per share, respectively. At ...