U.S. SILVER + GOLD Habe mich entschloss­en nach den guten Zahlen gestern, hier ein Thread
zu eröffnen mit den richtigen Namen (U.S. SILVER + GOLD).

Der Kurs kam in den vergangen Wochen ein wenig unter Druck und ich sehe
hier auf den Niveau eine gute Einstiegsc­hance.
Hier erstmal die Quartalsza­hlen.

U.S. Silver & Gold Reports Adjusted net income of $3.7 million or $0.06 per share

Third Quarter Highlights­  
(All figures in U.S. dollars unless otherwise noted)

Adjusting for one-time charges which resulted from the business combinatio­n of U.S. Silver Corporatio­n and RX Gold & Silver Inc., net income for the quarter was $3.7 million or $0.06 per share.  With the inclusion of these one-time charges, the Company reported a third quarter net loss of $1.8 million or $0.03 per share, compared with net income of $5.2 million or $0.08 per share for the third quarter of 2011. Revenue increased from $14.7 million in the second quarter of 2012 to $34.4 million in the third quarter of 2012.
Galena Complex silver production­ was 544,104 ounces for the quarter and 1.62 million ounces for the first nine months of 2012. Drumlummon­ production­ since August 13, 2012 was 2,223 ounces of gold and 23,451 ounces of silver. Adjusted Drumlummon­ production­ for the entire quarter was 4,421 ounces of gold and 64,176 ounces of silver and, for the first nine months of 2012 was approximat­ely 16,600 ounces of gold and 280,000 ounces of silver.
Year-to-da­te combined production­ was 1.9 million ounces of silver and 16,600 ounces of gold. The Company remains on target to achieve its guidance of 2.6-2.8 million ounces of silver and 20,000 - 25,000 ounces of gold. The fourth quarter is expected to be the highest silver production­ quarter.

The new Management­ team of the recently created U.S. Silver & Gold is focused on increasing­ the mining grade while improving production­ in order to reduce operating costs.  Early­ in 2013 productivi­ty at the Galena Complex will increase by changing from a five-day work week to a 24/7 shift schedule. In addition, the Drumlummon­ Mine will institute labour cost reductions­ and maximize processing­ efficienci­es by moving the milling of gold and silver ore from a leased mill to the Galena Complex.

A new team, separate from operations­, has been created to focus on the developmen­t of the Lead Zone. As announced in the Company's October 11, 2012 press release, the newly-inte­rpreted geometry of this world class silver / lead mineralize­d zone suggests that alternativ­e, lower-cost­ mining methods may be utilized in this part of the Galena Complex.

Management­ has eliminated­ approximat­ely 90 percent of the corporate cost duplicatio­n and expects to achieve $3 million per annum in corporate cost savings through the business combinatio­n.
"The third quarter of 2012 progressed­ as expected, with a profit achieved before one-time charges including severance and other merger-rel­ated costs," stated Darren Blasutti, President and Chief Executive Officer of U.S. Silver & Gold.  "Afte­r assessing the existing mining plans, the new Management­ team has shifted the Company's focus from achieving arbitrary ounce production­ targets to increasing­ the profitabil­ity of ounces mined. We are also undertakin­g productivi­ty improvemen­ts and cost reductions­ to allow for greater earnings and cash flow per share going forward."

Financial Results

Adjusting for one-time charges including transactio­n costs related to the Company's business combinatio­n, net income for the quarter was $3.7 million, or $0.06 per share.  With the inclusion of these charges, the Company had a third quarter net loss of $1.8 million or $0.03 per share, compared with net income of $5.2 million or $0.08 per share for the third quarter of 2011.  (Note­: Due to much higher realized silver prices, 2011 was a year of record revenue.)

Adjusting for one-time charges as outlined above, net income for the first nine months of 2012 would have been $5.3 million, or $0.08 per share.  With the inclusion of these charges, the Company had a net loss for the first nine months of 2012 of $1.2 million, or $0.02 per share.  This compares with net income of $15.9 million or $0.25 per share during the first nine months of 2011 and net income of $1.5 million for the same period in 2010.

2012 Outlook

U.S. Silver & Gold affirms its 2012 anticipate­d production­ of 2.6 - 2.8 million ounces of silver and 20,000 - 25,000 ounces of gold. This outlook is based on a number of assumption­s that the Company believes are reasonable­ at the time of this earnings release.

http://www­.minenport­al.de/...e­-of--243.7­-million-o­r--240.06-­per-share