CHICAGO (AP) — CHICAGO (AP) — Coeur Mining Inc. (CDE) on Wednesday reported third-quarter net income of $48.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had profit of 12 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The silver mining company posted revenue of $313.5 million in the period.
Coeur Mining shares have risen 81% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.91, more than doubling in the last 12 months.
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