FVI Shares Push Higher

The Mining Speculator (08/30/2010)
"Shares of FVI have pushed higher once again as silver prices look very robust going into the fall season. The company continues to bring good news with the latest second quarter results and which confirms to investors the value of this position. Second quarter 2010 highlights: Net income of $5.98M, compared with a net loss of $1.2M in Q209; revenue of $14.57M, compared with $12.86M in the Q209; operating income of $6.97M, compared with $4.36M in Q209; cash flow from operations before changes in non-cash working capital of $4.58M, compared with $4.02M in Q209; silver production of 470,310 oz., a 5% increase over Q209; cash cost per silver ounce, net of byproduct credits, of -$5.23; cash position, including short-term investments and working capital, as [of] June 30, 2010, totaled $64.94M, compared with $71.73M in the same period last year."

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