Minsur S.A. Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2017
For the six months, the company reported net revenues of $243.3 million against $228.1 million a year ago. Operating income was $92.1 million against $86.9 million a year ago. Profit before income tax was $51.2 million against $58.1 million a year ago. Net income was $23.4 million against $40.4 million a year ago. EBITDA was $114.6 million against $108.9 million a year ago. Adjusted net income was $53.1 million against $53.7 million a year ago. Total capex was $22.2 million against $19.1 million a year ago. Net debt was $97.1 million.
For the quarter, the company reported tin production of 4,727 tons against 5,014 tons a year ago. Gold production was 23,295 oz against 27,634 oz a year ago.
For the six months, the company reported tin production of 8,307 tons against 9,368 tons a year ago. Gold production was 52,304 oz against 61,152 oz a year ago.