Pan American Silver Corp. (PAAS,PAA.TO) reported net income for the third quarter of US$17.38 million or US$0.20 per basic share, compared to US$6.40 million or US$0.08 per share in the year-ago quarter.
Mine operating earnings for the quarter surged to US$34.71 million from US$15.47 million a year earlier.
Sales for the quarter was US$118.6 million, up 49% from last year's quarter, mainly due to greater quantities of silver and gold sold.
Analysts polled by Thomson Reuters expected the company to earn US$0.21 per share on revenue of US$115.76 million for the quarter.
Further, Pan American Silver now expects that its consolidated cash costs for the full year in 2009 will be below the previously announced guidance of approximately $6.00 per ounce of silver.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.