Minefinders Q1 Sales Nearly Doubles; Shares Rise

News ) on Wednesday reported sales proceeds for the first quarter that almost doubled from last year, reflecting a surge in sales of silver.
The company’s shares are up more than 3 percent in the regular trading session.The company reported sales proceeds of $52.3 million for the quarter, up from $26.4 million in the same period last year.The company’s metal production during the quarter totaled 17,812 ounces of gold and 956,760 ounces of silver.
This compares to production of 18,778 ounces of gold and 245,086 ounces of silver in the year-ago period.
The company noted that the quarterly production was in line with its 2011 annual production forecast of 65,000 to 70,000 ounces of gold and 3.3 million to 3.5 million ounces of silver.
The company’s production in January totaled 5,275 ounces o…

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