11:35 AM EST - Sabina Silver Corp. : reported a net loss of $400,000 for the first quarter, flat with the corresponding period in 2008. However, the company noted that in the first quarter of 2009, operating expenses were higher and interest income was lower than the same period in 2008, offsetting was an unrealized gain on held for trading investments. The company said it had cash and short-term investments of $32.7 million as on March 31, 2009, compared to cash and short-term investments of $35 million as on December 31, 2008. Additionally the company holds Canadian equities with an estimated market value of $5.6 million as March 31, 2009, compared to an estimated market value of $4.5 million as on December 31, 2008. Sabina Silver Corp.
shares V.SBB are trading up $0.13 at $0.96.
