Pan American Silver PAAS reported a 61% drop in its second-quarter earnings.
It also lifted its quarterly dividend by 33% to $0.05 per share.
Pan American's quarterly profit declined to $44 million, or $0.29 per share, versus $113.5 million, or $1.04 per share, in the year-ago period. Excluding other items, Pan American earned $0.11 per share.
Its revenue dropped 13% to $200.6 million. However, analysts were expecting earnings of $0.32 per share on revenue of $252 million.
Pan American shares fell 1.66% to close at $15.38 yesterday.
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