Pan American Silver Corp. (TSX: PAAS, NASDAQ: PAA.T) first-quarter profit fell 46% as the costs of acquiring a Mexican gold and silver operation covered a revenue increase.
Pan American Silver said Tuesday it had consulted with Bolivia's Minister of Mines and its unions and "has not received official notification from any government representative with respect to the possibility that the Bolivian government might seek to take control of San Vicente."
Bolivian media reports claims the Morales Administration was considering terminating joint venture contracts and taking control of several mines formerly operated by the government, which could include the San Vincente silver mine.
The shares in some North American silver miners fell sharply on Thursday after Bolivia's leftist government said it might rescind concessions on four mines in the country run by Glencore International Ltd [GLEN.UL] affiliates and Canada's Pan American Silver Corp (PAA.TO: Quote)(PAAS.O: Quote).
Canadian miners shut down Mexican operations due to swine flu fears THE CANADIAN PRESS TORONTO – Pan American Silver Corp.
Pan American Silver Corp. and Orko Silver Corp. say they have reached an agreement for the joint development of Orko Silver's La Preciosa silver project in Durango state, Mexico.
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.