Pan american silver corp (PAAS)
Income statement / Yearly
Dec'17Dec'16
Revenue (Note 26)

816,828

774,775

Production costs (Note 21)

500,670

428,333

Depreciation and amortization (Note 10)

122,888

115,955

Royalties

24,510

31,608

Cost of sales

648,068

575,896

Mine operating earnings

168,760

198,879

General and administrative

21,397

23,663

Exploration and project development

19,755

11,334

Foreign exchange gains (losses)

1,823

-9,054

Impairment reversals (Note 11)

61,554

0

Gains (losses) on commodity, diesel fuel swaps, and foreign currency contracts (Note 7)

606

-4,944

Gain on sale of mineral properties, plant and equipment (Note 10)

191

25,100

Share of loss from associate and dilution gain (Note 12)

2,052

7,946

Other (expense) income (Note 27)

-5,505

1,542

Earnings from operations

188,329

184,472

Gain on derivatives (Note 7)

64

0

Investment income

1,277

1,350

Interest and finance expense (Note 23)

7,185

9,551

Earnings before income taxes

182,485

176,271

Income tax expense (Note 28)

59,034

74,446

Net earnings for the year

123,451

101,825

Equity holders of the Company

120,991

100,085

Non-controlling interests

2,460

1,740

Basic earnings per share (in USD per share)

0.79

0.66

Diluted earnings per share (in USD per share)

0.79

0.66

Weighted average shares outstanding (in 000s) Basic (shares)

153,070

152,118

Weighted average shares outstanding (in 000s) Diluted (shares)

153,353

152,504