UPDATE: Pan American Silver Posts 61% Decline In Q2 Net Profit, Lifts Dividend

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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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Posted In: EarningsNewsDividendsprofit
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