Pan American Silver (PAAS.TO, PAAS) slipped 1.2% in after-hour New York trading after the company on Wednesday said swung to a fourth-quarter profit on higher revenue.
The company's adjusted earnings, excluding most one-time items, stood at US$126.9 million, or US$0.35 per share, compared with a loss of US$16.3 million, or US$0.04 per share, in the year-ago quarter. FactSet expected US$0.36 per share.
Revenue rose to US$815.1 million from US$669.6 million. FactSet projected US$794.6 million.
For the quarter ended Dec. 31, silver production was 6-million ounces, and gold production was 224.2-thousand ounces.
For 2025, the company expects silver production to be between 20-million and 21-million ounces, and gold production to be between 735,000 and 800,000 ounces. It forecast all-in sustaining cost (AISC) for the Silver segment is between $16.25 and $18.25 per ounce and for the Gold segment between $1,525 and $1,625 per ounce.
The company declared a cash dividend of $0.10 per common share, payable on or about March 14 to holders of record as of March 3.
The company's shares were last seen down US$0.29 to US$24.03 after hours. They closed down $0.42 to $34.59 on the Toronto Stock Exchange.
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