Pan American Silver: Q1 Earnings Snapshot

Associated Press Finance
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VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Pan American Silver Corp. (PAAS) on Wednesday reported first-quarter net income of $16.5 million.

The Vancouver, British Columbia-based company said it had profit of 8 cents per share. Earnings, adjusted for non-recurring costs, were 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The silver mining company posted revenue of $390.3 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $354.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAAS at https://www.zacks.com/ap/PAAS

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