VANCOUVER, Feb. 14, 2017 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American”, or the “Company”) today reported unaudited results for the fourth quarter ended December 31, 2016 (“Q4 2016”) and full year 2016.
“We achieved solid performance on all fronts in 2016, generating $215 million in net cash from operating activities and beating our original guidance for both costs and silver production,” said Michael Steinmann, President and Chief Executive Officer of the Company. “We achieved major milestones at our La Colorada and Dolores mine expansions in Mexico. We expect both expansions will be completed by the end of this year, which contributes to an improving outlook for costs and production over the next three years.”