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.
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