- Pan American Silver (NASDAQ:PAAS +0.5%) reports a smaller than expected Q3 loss of $0.06/share on a 10% Y/Y drop in revenues to $159M, as prices for metals produced by the company fell significantly.
- PAAS says its Q3 silver production totaled 6.61M oz., 7% higher than a year ago, and gold production totaled a record 53.6K oz., up 57% Y/Y.
- For full-year 2015, PAAS reaffirms its silver production forecast of 25.5M-26.5M oz. and raises its gold production outlook to 175K-180K oz. from its original forecast of 165K-175K oz.
- Maintains its annual production forecasts of 37K-39K metric tons of zinc, 13K-13.5K metric tons of lead, and 14K-15K metric tons of copper.