The miner reported $127.53M in revenue and $0.31 GAAP EPS, falling short of earnings expectations by a penny.
Santacruz Silver Mining posted a first-quarter GAAP EPS of $0.31, missing estimates by $0.01. Revenue reached $127.53M, an 81.4% year-over-year increase, exceeding forecasts by $2.28M.
The company’s adjusted EBITDA rose 55% to $42.6 million, driven by a 128% surge in the average realized silver price to $63.30 per ounce. Revenue growth outpaced earnings, reflecting higher production costs or one-time expenses.
Market reaction details were not disclosed in the release.