MissionIR's  Instablog

Send Message
We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices. It is our unwavering commitment to connect the investment community with companies that have great potential and a strong dedication to... More
My company:
My blog:
MissionIR Blog
  • Pan American Silver Corp. (PAAS) Updates Investors On Mining Operations 0 comments
    May 16, 2012 2:18 PM | about stocks: PAAS

    Pan American Silver reported on the company's financial activity in the first quarter of 2012 and also issued an operational update on its gold and silver mining operations.

    Pan American Silver reported production of 19,946 ounces of gold in the quarter ending 3/31/2012, up 5% compared to the first quarter of 2011. The company said that growth was due to higher production at the Manantial Espejo mine in Argentina.

    Pan American Silver also reported higher silver production in the most recent quarter, with production of 5.5 million ounces, up 3% from last year's first quarter. The higher production was led by output from the company's mine in Peru, where production jumped by 18%. The silver mine at San Vicente mine also saw a sharp increase in production, with 900,000 ounces produced in the quarter, up by 34%.

    Pan American Silver issued production guidance for the last three quarters of 2012 and expects to produce from 24.25 to 25.5 million ounces of silver at a cash cost between $11.50 and $12.50 per ounce. Production of gold is estimated to range between 124,000 and 133,000 ounces, with the start up of production from the Dolores mine.

    Pan American Silver also hopes to finish a feasibility study at the Navidad development project before the end of 2012.

    For more information on the company, go to www.panamericansilver.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: PAAS
Back To MissionIR's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.