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VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Pan American Silver Corp. (PAAS) on Wednesday reported first-quarter profit of $169.3 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring gains, were 42 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The silver mining company posted revenue of $773.2 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $696.6 million.
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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