![]() | Pan American Silver Corp. - PAAS.t is the second largest primary silver mining company in the world, with eight operating silver mines in Peru, Mexico, Argentina and Bolivia. The Company produced 26.1 million ounces of silver and 161,500 ounces of gold in 2015 at AISC of $14.92 Oz Ag. | ![]() |
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Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) ("Pan American Silver", or the "Company") today announced preliminary operating results for the fourth quarter ("Q4") and full year 2017, with annual silver production within the targeted range and consolidated cash costs per payable ounce of silver, net of by-product credits, ("Cash Costs") below guidance. Today, the Company also provided its 2018 guidance and three-year outlook for production and costs. "The Company achieved decade-low consolidated cash costs of $4.55 per ounce in 2017, with silver production as targeted of 25 million ounces, exemplifying the high quality of our silver mining assets."
"Consolidated Preliminary 2017 Operating Results
2017 Guidance(1)
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2017 Actual
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Fourth Quarter 2017
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Production
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Silver (million ounces)
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24.5 - 26.0
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25.0
|
6.6
| |||
Gold (thousand ounces)
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155.0 - 165.0
|
160.0
|
43.7
| |||
Zinc (thousand tonnes)
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56.5 - 58.5
|
55.3
|
14.7
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Lead (thousand tonnes)
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19.0 - 20.0
|
21.5
|
5.4
| |||
Copper (thousand tonnes)
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8.8 - 9.3
|
13.4
|
3.0
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Cash Costs(2) ($/ounce)
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6.45 - 7.45
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4.55
|
3.18
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http://pennystockjournal.blogspot.ca/2012/12/pan-american-silver-corp-paat.html