Pan American Adds to Silver Reserve Estimate

Mineweb reported that Pan American Silver (NASDAQ:PAAS) raised its inferred and proven silver reserves to 235.3 million ounces.

As quoted in the market news:

Last year Pan American spent $25.1 million in direct exploration, discovering 29.3 million ounces of new and probable silver mineral reserves, which more than replaced the 24.7 million silver ounces that were mined last year.

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