Pan American Silver (PAAS +0.6%) denies speculation it plans to bail out of its flagship Navidad...

|About: Pan American Silver Corp. (PAAS)|By:, SA News Editor

Pan American Silver (PAAS +0.6%) denies speculation it plans to bail out of its flagship Navidad silver project in Argentina, but the project’s future remains in doubt. PAAS has warned the project is dead unless the government steers away from punitive taxes and royalties; PAAS could take a significant writedown if the project is ended, as Navidad's current carrying value is ~$560M.