Pan American Silver Reports Unaudited Net Earnings for Q3 2017

http://news.panamericansilver.com/2017-11-08-Pan-American-Silver-Reports-Unaudited-Net-Earnings-for-Q3-2017

VANCOUVER, Nov. 8, 2017 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American”, the “Company”, or “we”) today reported unaudited net earnings of $17.8 million($0.11 basic earnings per share) for the third quarter ended September 30, 2017 (“Q3 2017”) compared with $43.4 million ($0.28 basic earnings per share) in the third quarter of 2016 (“Q3 2016”).  Adjusted earnings were $23.3 million ($0.15 basic adjusted earnings per share) compared with $46.7 million ($0.31 basic adjusted earnings per share) in Q3 2016.

“We continued to generate strong earnings in Q3 2017. In addition to fully funding our operations and growth capital projects, we repaid all of our bank debt and ended Q3 2017 with $186.3 millionof cash and short-term investments,” said Michael Steinmann, President and Chief Executive Officer of the Company. “We see potential for robust cash flow generation with the ongoing ramp-up in production from our mine expansions in Mexico.”

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