BUZZ-Fortuna Silver Mines Inc: Rises on revenue jump

Tue Nov 11, 2014 2:09pm EST
 
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** Canadian miner's U.S-listed shares up 16 pct at $4.42 and Toronto-listed shares up 15 pct at C$5.01

** Reports Q3 profit, compared with loss year earlier, helped by robust revenue and higher operating margins at its San Jose Mine in Mexico

** Q3 sales rise 54 pct to $46.4 mln

** Q3 silver production rises 63 pct to 1.8 mln ounces; gold production rises 116 pct to 9,751 ounces

** Expects to exceed its 2014 silver and gold production guidance by 9 pct and 8 pct respectively

** Silver climbed 0.8 percent to $15.69 an ounce on Tuesday and spot gold was up 1.1 percent at $1,162.72 an ounce by 11:36 p.m. EST

** Up to Monday's close, company's shares have risen about 42 percent this year