SilverCrest Metals (SIL.TO, SILV) edged up in after-hours trading, as it reported a higher third-quarter adjusted profit on record revenue.
The company, in the process of being acquired by Coeur Mining (CDE), said adjusted earnings, excluding most one-time items, rose to $26.3 million, or $0.18 per share, up from $24.9 million, or $0.17, last year. Adjustments were largely related to deferred taxes, unrealized losses on derivative currency contracts, and transaction and integration costs, SilverCrest said.
Revenue, a record $80 million, was nearly 10% higher than last year's $72.7 million. SilverCrest sold a total of 15,204 oz gold and 1.5 million oz silver at average realized prices of $2,472 per ounce gold and $29.48 per ounce of silver.
SilverCrest's acquisition by Coeur Mining is expected to be completed by the first quarter of next year.
The company's shares were last seen US$0.13 to US$10.10 in U.S. after-hours trade. They closed $0.02 lower to $13.92 on the Toronto Stock Exchange.
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