UPDATE: Pan American Silver Posts Upbeat Q4 Profit

Pan American Silver Corp (NASDAQ: PAAS) swung to a fourth-quarter profit.

Pan American Silver's quarterly profit came in at $95.4 million, or $0.89 per share, versus a year-ago loss of $6.3 million, or $0.12 per share. Excluding special items, Pan American Silver earned $0.61 per share, versus analysts' estimates of $0.51 per share.

Its revenue climbed 8.5% to $212.4 million, versus analysts' estimates of $230 million.

Pan American Silver's silver output dropped 6% to 5.3 million ounces, while gold production fell 10% to 17,239 ounces.

Pan American Silver shares gained 1.39% to $25.50 in pre-market trading.