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Why Pan American Silver Stock Dropped Today

·2 min read
Why Pan American Silver Stock Dropped Today
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Shares of Pan American Silver (NASDAQ: PAAS) dropped almost 12% early Thursday, and remained down 10% as of 11:20 a.m. EDT. Pan American owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina, and Bolivia. The company specifically pointed to continued pandemic impacts in South America, as well as issues at its La Colorada mine in Mexico contributing to lower quarterly sales and production.