Pan American Silver Announces Strong Preliminary 2016 Operating Results and Three-Year Outlook

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VANCOUVER, Jan. 12, 2017 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (“Pan American”, or the “Company”) today reports its preliminary operating results for the fourth quarter (“Q4”) and full year 2016, and announces its three-year outlook for production and costs. The Company plans to release its unaudited financial results for Q4 and full year 2016 on February 14, 2017.

“Pan American has achieved the successful transformation to a low-cost silver producer in 2016. In addition to beating our guidance on annual silver production, Cash Costs of $6.29 per ounce came in well below our original guidance provided in January 2016,” said Michael Steinmann, President and Chief Executive Officer of the Company. “Our three-year outlook will build on the progress we made in 2016, with the potential for strong production growth and further cost reductions stemming from our mine expansions and continued capital spending discipline.”

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