Silverstone Resources Corp. (TSX-V:SST) has reported its third consecutive quarter of profitability.
Net earnings from silver sales for the Vancouver company's second quarter, which ended June 30, rose to $3.7 million from $8.3 million compared with a net loss of $1.5 million from $377,625 in sales in the comparable period a year ago.
Improved sales contributed to Silverstone's strong performance. The company sold 459,000 ounces of silver in the quarter.
Silverstone's share price range during the past week: between $1.39 and $1.47; 52-week high: $3.60; 52-week low: $1.16.