|Pan American Silver Corp. - PAA.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 recently completed the acquisition of Minefinders Corporation Ltd.
"Pan American Silver Reports Increased Silver and Gold Production During the First Quarter of 2013
Consolidated Cash Costs Were $11.33 per Ounce of Silver; Well Below Company Guidance
VANCOUVER, May 14, 2013 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (the "Company", or "Pan American"), reported that its first quarter silver production increased 14% to 6.3 million ounces, while gold production increased 65% to 32,100 ounces as compared to the same period in 2012. The silver and gold production increases were largely the result of the addition of low-cost production from the Dolores mine, which was acquired on March 30, 2012. Total cash costs for the first quarter were $11.33 per ounce of silver, net of by-product credits, which was well below the Company's guidance for 2013 of $11.80 to $12.80 per ounce of silver."