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Yamana buyer Pan American posts loss, shares slump

Pan American Silver, which has teamed up with Agnico Eagle Mines to buy Toronto-listed Yamana Gold for US$4.8 billion in cash and shares, posted a US$71.2 million loss in Q3, hit by weaker precious metals prices and the firm reduced its production guidance for this year.

Yamana buyer Pan American posts loss, shares slump Yamana buyer Pan American posts loss, shares slump Yamana buyer Pan American posts loss, shares slump Yamana buyer Pan American posts loss, shares slump Yamana buyer Pan American posts loss, shares slump

Pan American hit by silver price drop

Shares in the firm slumped 9.8% to C$18.41, complicating the valuation of its share offer for Yamana.