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Mineweb reported that Pan American Silver (NASDAQ:PAAS) posted a significant quarterly profit drop due to charges related to a recent takeover.
Mineweb reported that Pan American Silver (NASDAQ:PAAS) posted a significant quarterly profit drop due to charges related to a recent takeover.
As quoted in the market news:
The silver producer, which reported results late on Tuesday, said profit fell to $50.2 million, or 47 cents a share, in the quarter ended March 31, 2012. That compared with $92.7 million, or 86 cents a share, in the year-earlier period.
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