08:56 AM EDT, 04/30/2014 (MT Newswires) -- Timmins Gold (TGD, TMM.TO) late on Tuesday reported US$8.1 million, or US$0.05 per share, in earnings for Q1 ended March 31, 2014 versus earnings of US$14.3 million, or US$0.10 per share, a year earlier. Three analysts surveyed by Capital IQ were expecting EPS of US$0.06.
Profit decreased even after revenues reached a record US$47.1 million, compared to $45.9 million during Q1 2013. The improvement in revenues is primarily due to increased ounces sold, offset by the decrease in the gold price since April 2013.
TGD was flat in recent U.S. pre-market trading and closed at $1.42 Tuesday.
Price: 1.42 , Change: 0, Percent Change: 0