BUZZ-Silver Standard Resources Inc: Better-than-expected Q1 results

Wed May 13, 2015 11:39am EDT
 
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** Canadian miner's U.S.-listed shares up 14.6 pct at $6.28; Toronto-listed shares up 14 pct at C$7.50

** Company reported Q1 profit on Tuesday, compared with year-earlier loss, helped by gold production from its Marigold mine, which it bought in April 2014

Says produced record 2.7 mln ounces of silver at its Pirquitas mine in Argentina, a 42 pct increase from a year earlier

** Q1 revenue of $111.7 mln beats average analyst estimate of 99.9 mln, according to Thomson Reuters I/B/E/S

** Profit of 11 cents per share tops average estimate of profit of 6 cents per share

** Up to Tuesday's close, stock had risen about 9 pct this year