Pan American Silver (PAAS) Tops Q3 EPS by 6c

Pan American Silver (NASDAQ: PAAS) reported Q3 EPS of ($0.06), $0.06 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $159.4 million versus the consensus estimate of $166.19 million.

Commenting on the Company's 2015 third quarter results, Geoff Burns, Chief Executive Officer, said, "Continuing to respond to the difficult price environment, we recorded a very strong operational quarter, delivering an expected gain in silver production, a Company record for gold production and our second-lowest quarterly cash costs in over three years." Burns continued, "Clearly benefiting from the determination of our operating teams to reduce costs and increase productivities, we generated a very respectable $32.9 million or $0.22 per share in operating cash flow, more than sufficient to fund our sustaining capital and cover our current quarter's dividend".

For earnings history and earnings-related data on Pan American Silver (PAAS) click here.

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