I wouldn't read too much into the timing of this earnings statement. The company recently changed its fiscal year and that creates extra work for the accountant and auditor.
My expectations are not for a "bad" report or a "great" report, but a report showing modest improvement in the company's earnings. Keep in mind that it's only been one quarter since new production at San Emidio and Neal Hot Springs came on line.
I expect to see continued modest accumulation of earnings for the rest of the year, combined with reduced expenses mainly from the SAIC settlement and refinancing activity, resulting in a nice 10K for 2013.
What will be interesting to see for the rest of this year is whether the company finds a way to get construction of new production plants at least started. If management can get a project rolling this year, like El Ceibillo in Guatemala, that's where the potential for huge gains will be generated.
In the mean time, the company's focus should be on maintaining consistent production and reducing debt. Not very sexy in the short term, but it's an effective long term strategy.
It's the patient investors with long term vision who are going to reap the biggest gains here.