Pan American Silver reported Record Silver Production
Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) today announced unaudited financial and operating results for the quarter ended September 30, 2009.
The press release is quoted as saying:
Pan American posted record sales of $118.6 million during the third quarter of 2009. Sales were 49% higher than a year ago, mainly due to greater quantities of silver and gold sold. Silver and gold sales accounted for 63% and 17% of quarterly Company revenues respectively, which has increased Pan American’s exposure to precious metals to 80% of total revenues.