The company reported adjusted earnings of 73 cents per share, below the analyst estimate of $1.04. Revenue of $1.124 billion also missed the consensus estimate of $1.158 billion.
Earnings Snapshot
Attributable silver production totaled 6.47 million ounces, at the high end of the company’s quarterly outlook. Gold production came in at 165,900 ounces, below the quarterly guidance range.
Silver all-in sustaining costs, or AISC, were $17.80 per ounce, while gold AISC was $1,984 per ounce. Both were slightly above the company’s quarterly expectations.
Operating cash flow totaled $320 million during the quarter. Attributable free cash flow was $344 million, including Juanicipio and after $205 million in second-quarter tax payments.
