Silver Bullion Trust reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total income of $547 against $751 a year ago. Net loss and comprehensive loss inclusive of the change in unrealized appreciation of holdings was $11.90 million or $2.18 per basic and diluted share against net income and comprehensive income inclusive of the change in unrealized appreciation of holdings of $8.78 million or $1.61 per basic and diluted share a year ago. The company reported that virtually all of the reported net income for both the three and nine-month periods was a result of the change in unrealized appreciation of holdings, which is not distributable income.

For the nine months, the company reported total income of $1,739 against $2,371 a year ago. Net loss and comprehensive loss inclusive of the change in unrealized appreciation of holdings was $7.75 million or $1.42 per basic and diluted share against net loss and comprehensive loss inclusive of the change in unrealized appreciation of holdings of $26.29 million or $4.81 per basic and diluted share a year ago.