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Revenue increased to US$50.9mn from US$40.8mn, due to higher copper, lead and zinc prices and increased copper and zinc production, partly offset by lower silver and gold prices and reduced silver, lead and gold output.
All-in sustaining costs (AISC) fell to US$13.11/oz silver equivalent from US$13.90/oz. Adjusted net income, which excludes certain non-cash items, was US$4.99mn, compared to US$5.00mn in 3Q16.
Sierra has the Yauricocha mine in Peru and Bolívar and Cusi in Mexico.
Net income was US$4.59mn, up from US$734,000 in 3Q16. Revenue slipped to US$39.8mn from US$40.0mn on lower gold prices, partly offset by higher gold volumes sold.
Aura produced 34,189oz gold, up from 33,457oz, at cash operating costs of US$902/oz, up from US$881/oz.
The company has the San Andrés mine in Honduras, which produced 18,479oz gold, down from 21,350oz, and gold mines in Brazil, which generated 15,711oz, up from 12,106oz.
Revenue fell to US$8.44mn from US$10.0mn on a 4% decline in silver equivalent ounces sold and lower silver and gold prices, partly offset by a 31% increase in copper prices.
Results were also affected by non-cash expenses including share-based payments and depreciation and depletion.
AISCs increased to US$11.25/oz silver equivalent from US$10.60/oz. The company has the San Gonzalo and Avino mines in Mexico.
Results were impacted by a US$5.6mn fair value adjustment loss. Adjusted net loss, which excludes non-cash items, was US$0.35mn, compared to an adjusted net loss of US$1.03mn in 3Q16.
Revenue increased to US$7.10mn from US$4.01mn on sales of 443,921oz silver equivalent, up from 228,172oz.
AISCs fell to US$11.62/oz silver from US$40.85/oz, following completion of an optimization project to tackle water issues at the La Platosa silver-lead-zinc mine in Mexico, Excellon's sole producing asset.