Stock Name: PAA
Amount: CAD 0.005
Announcement Date: 07/11/2012
Record Date: 29/11/2012
Dividend Detail:
(All amounts in US dollars unless otherwise stated)
VANCOUVER, Nov. 7, 2012 /CNW/ - Pan American Silver Corp. (PAAS: NASDAQ) (PAA: TSX) ("Pan American" or the "Company") today announced that the Company's
Board of Directors has approved the fourth quarterly dividend of 2012.
The cash dividend, in the amount of $0.05 per share will be distributed
on or about Monday, December 3, 2012 to holders of record of common
shares as of the close of business on Monday, November 19, 2012.��
Specific distribution dates and amounts of future dividends will be
determined by the Board on an ongoing basis.
The Company's dividends are designated as eligible dividends for the
purposes of the Income Tax Act (Canada).
About Pan American Silver
Pan American Silver's mission is to be the world's largest and lowest
cost primary silver mining company by increasing its low cost silver
production and silver reserves and resources.�� The Company has eight
operating mines in Mexico, Peru, Argentina and Bolivia, including the
recently acquired Dolores gold/silver mine in Chihuahua, Mexico.�� Pan
American also owns the Navidad silver development project in Chubut,
Argentina, the Calcatreu gold project in Rio Negro and the La Bolsa
development project in Sonora, Mexico.
This NEWS RELEASE contains "forward-looking STATEMENTS" within the
meaning of the UNITED STATES Private Securities Litigation reform act
of 1995 and "fORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF
applicable Canadian securities legislation. All statements, other than
statements of historical fact, are forward-looking statements.
Statements containing forward-looking information express, as at the
date of this NEWS RELEASE, the Company's plans, estimates, forecasts,
projections, expectations, or beliefs as to future events or results.��
SUCH forward-looking statements AND information include, but are not
limited to statements as to any future dividends.��
These statements reflect the Company's current views with respect to
future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies.�� Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance
or achievements that are or may be expressed or implied by such
forward-looking statements contained in this News Release and the
Company has made assumptions and estimates based on or related to many
of these factors.�� Such factors include, without limitation:
fluctuations in spot and forward markets for silver, gold, base metals
and certain other commodities (such as natural gas, fuel oil and
electricity); fluctuations in currency markets (such as the Peruvian
sol, Mexican peso, Argentine peso and Bolivian boliviano versus the
U.S. dollar); risks related to the technological and operational nature
of the Company's business; changes in national and local government,
legislation, taxation, controls or regulations and�� political or
economic developments in Canada, the United States, Mexico, Peru,
Argentina, Bolivia or other countries where the Company may carry on
business in the future; risks and hazards associated with the business
of mineral exploration, development and mining (including environmental
hazards, industrial accidents, unusual or unexpected geological or
structural formations, pressures, cave-ins and flooding); RISKS
RELATING TO THE CREDIT WORTHINESS OR FINANCIAL CONDITION OF SUPPLIERS,
REFINERS AND OTHER PARTIES WITH WHOM THE COMPANY DOES BUSINESS;
inadequate insurance, or inability to obtain insurance, to cover these
risks and hazards; employee relations; RELATIONSHIPS WITH AND CLAIMS BY
LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; availability and
increasing costs associated with mining inputs and labour; the
speculative nature of mineral exploration and development, including
the risks of obtaining necessary licenses and permits AND THE PRESENCE
OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS ON MINING,
INCLUDING THOSE CURRENTLY IN THE PROVINCE OF CHUBUT, ARGENTINA;
diminishing quantities or grades of mineral reserves as properties are
mined; global financial conditions; business opportunities that may be
presented to, or pursued by, the Company; the Company's ability to
complete and successfully integrate acquisitions AND TO MITIGATE OTHER
BUSINESS COMBINATION RISKS; challenges to, OR DIFFICULTY IN
MAINTAINING, the Company's title to properties AND CONTINUED OWNERSHIP
THEREOF; the actual results of current exploration activities,
conclusions of economic evaluations, and changes in project parameters
to deal with unanticipated economic or other factors; increased
competition in the mining industry for properties, equipment, qualified
personnel, and their costs; and those factors identified under the
caption "Risks Related to Pan American's Business" in the Company's
most recent Form 40F and Annual Information Form filed with the United
States Securities and Exchange Commission and Canadian provincial
securities regulatory authorities.�� Investors are cautioned against
attributing undue certainty or reliance on forward-looking statements.��
Although the Company has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated,
described or intended.�� The Company does not intend, and does not
assume any obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements or
information, other than as required by applicable law.
SOURCE: Pan American Silver Corp.
For further information:
Information Contact
Kettina Cordero
Manager, Investor Relations
(604) 684-1175
info@panamericansilver.com
www.panamericansilver.com
No comments:
Post a Comment