Pan American Silver reports increased silver production and record gold production in the third quarter of 2015

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VANCOUVER, Nov. 12, 2015 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (“Pan American”, or the “Company”) today reported unaudited results for the three and nine months ended September 30, 2015.

Commenting on the Company’s 2015 third quarter results, Geoff Burns, Chief Executive Officer, said, “Continuing to respond to the difficult price environment, we recorded a very strong operational quarter, delivering an expected gain in silver production, a Company record for gold production and our second-lowest quarterly cash costs in over three years.” Burns continued, “Clearly benefiting from the determination of our operating teams to reduce costs and increase productivities, we generated a very respectable $32.9 million or $0.22 per share in operating cash flow, more than sufficient to fund our sustaining capital and cover our current quarter’s dividend”.

 

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