Pan American Silver: Q3 Earnings Snapshot

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Pan American Silver Corp. (PAAS) on Wednesday reported third-quarter net income of $357 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 86 cents. Earnings, adjusted for non-recurring gains, came to 69 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The silver mining company posted revenue of $1.01 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.03 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAAS at https://www.zacks.com/ap/PAAS