MINSUR S.A. announced consolidated production and earnings results for the first quarter of 2017. For the quarter, the company reported net revenue of $156.1 million against $127.0 million a year ago. Operating income was $30.4 million against $29.1 million a year ago. Profit before income tax was $23.8 million against $26.1 million a year ago. Net income was $13.6 million against $18.9 million a year ago. EBITDA was $47.4 million against $44.3 million a year ago. Adjusted net income was $13.7 million against $14.0 million a year ago. CAPEX was $34.1 million against $19.2 million a year ago. Net debt was $30.3 million.

For the quarter, the company produced Tin of 5,002 tons, a decrease of 5% compared to first quarter of 2016, in line with annual production guidance of 23,000 ­- 25,000 tons of refined tin. Gold produced was 29,009 ounces, a decrease of 13% compared to first quarter of 2016, in line with the company's plan to reach annual production guidance of 90,000 -­ 100,000 ounces. Ferro Niobium and Ferro Tantalum alloys were 541 tons, 31% higher than first quarter of 2016.

The company maintains production guidance of 3,000 -­ 3,500 tons of alloys for 2017. The company plans to reach annual production guidance for gold of 90,000 - 100,000 ounces.