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Pan American Silver: Q1 Earnings Snapshot

·1 min read

VANCOUVER, British Columbia (AP) _ Pan American Silver Corp. (PAAS) on Wednesday reported a first-quarter loss of $7.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The silver mining company posted revenue of $368.1 million in the period.

Pan American Silver shares have declined 16% since the beginning of the year. The stock has increased almost 9% in the last 12 months.

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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

The Associated Press

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