The investment company focused on royalty and revenue streams from investments in the mining sector made a pre-tax profit of C$79,229, compared to a loss of C$994,218 in the same period of 2017.
The loss after tax narrowed substantially to C$312,031 from C$1.01mln as revenue shot up to C$3,9mln from C$672,078 the previous year.
Adjusted underlying earnings (EBITDA) was positive, at C$1.73mln versus a loss the year before of C$79,270.
During the quarter, the company shipped and provisionally invoiced 221,433 attributable silver ounces (oz.) at an average realized price of US$15.48 (2017: US$16.78) and an average cash cost of US$6.52 (2017: US$7.09) per oz.
The company said total attributable silver production for the full-year is expected to be somewhere between 500,000 and 600,000 oz.
Revenue is expected to fall somewhere between C$9mln and C$12mln, with roughly 95% of total revenue derived from silver.