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Pan American cuts production guidance again

Toronto-listed Pan American Silver has cut its silver and gold production guidance for the second time this year, as costs related to ventilation upgrades at La Colorada in Mexico and labour shortages weighed on profits in the September quarter.

William Clarke
Pan American Silver's La Colorada mine in Mexico

Pan American Silver's La Colorada mine in Mexico

Silver production of 4.83Moz in the September quarter was up by 18% year-on-year, but 11% below consensus analyst expectations. Full year production guidance was cut to 19-20Moz, from 20.5-22.0Moz. ...

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