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Why Pan American Silver, Fortuna Silver Mines, and Coeur Mining Surged Roughly 10% Today

·3 min read
Why Pan American Silver, Fortuna Silver Mines, and Coeur Mining Surged Roughly 10% Today
In this article:
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Shares of Pan American Silver (NASDAQ: PAAS), Fortuna Silver Mines (NYSE: FSM), and Coeur Mining (NYSE: CDE) all rose strongly on a bad day for the markets today, up 9.6%, 10.2%, and 8.6%, respectively. In addition, Pan American Silver released its preliminary fourth-quarter production report on Wednesday, and Fortuna released its own report on Tuesday. In the fourth quarter, Pan American mined 19.2 million ounces of silver, versus its guidance of 19 to 20 million ounces.