Netoperatingearnings is among the most basic definitions of performance for a publicly-traded company, but it turns out that just betting on businesses that grow that metric the fastest is not the safest or most lucrative way to approach the market.
The change in netearnings and operating cash flows is primarily due to a 36% increase in the number of silver equivalent ounces sold, which was partially offset by a 24% decrease in the realized price per silver equivalent ounce, the company said in its quarterly statement Thursday.