Despite Record Earnings, PanAm Silver Production Stumbled During Q1

Mineweb reported that Pan American Silver (NASDAQ:PAAS) is still confident it will meet its 2011 targets.

The market news is quoted as saying:

Silver production for the first quarter was 5.3 million ounces, a 6% decrease below management’s forecast “due primarily to throughput and grade challenges at Huaron, Morocochoa, San Vincente and Manantial Espejo during the quarter,” PanAm said.

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