Pan American Silver (PAAS)

Pan American Silver reported for the full year 2009 earnings of $61.998 million, or $0.71 per share, on sales of $454.8 million. That compares to the prior year earnings of $24.602 million, or $0.31 per share, on sales of $338.6 million.
The company expects silver production to increase modestly to 23.4 million ounces and gold production to decline in fiscal 2010, to 85,600 ounces as a result of slightly lower gold grades at Manantial Espejo and Alamo Dorado. In contrast, the Company expects zinc, lead and copper production to increase to 46,000 tonnes, 15,800 tonnes and 7,300 tonnes respectively, due to a fiscal 2010's production from San Vicente and an increase in throughput at Huaron.

Feb 15 · 7:41:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto