AP reports Silver Standard Resources shares fell today after the mining company said its second-quarter loss widened as it prepared several highly promising properties across Latin America and British Columbia, Canada.

For the three months ended June 30, the Vancouver, Canada-based company posted a loss of 5.5 million Canadian dollars ($5.2 million), or 9 Canadian cents (8.6 cents) per share, compared with 5 million Canadian dollars, or 8 cents per share, in the year-earlier quarter.

Jorge Beristain, Deutsche Bank-North America Analyst “holds” rating on the shares:

“Despite the continued increase in silver resources, the main plans for the mines that will be brought into production haven’t changed significantly and we continue to … (find) better investment alternatives in the sector at this time.”

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