Pan American Files 40F including additional Financial Disclosure with respect to Recently Announced Purchase of Interest in Man
April 01 2006 - 4:13PM
PR Newswire (US)
VANCOUVER, March 31 /PRNewswire-FirstCall/ -- Pan American Silver
Corp. (PAAS: NASDAQ; PAA: TSX) today announced that it has filed
its annual Form 40-F with the United States Securities and Exchange
Commission. On March 22, 2006 Pan American issued a press release
announcing that the Company had signed an agreement to acquire the
remaining 50% interest in the Manantial Espejo silver project it
did not already own. Accordingly, Pan American has included a
"Subsequent Event" note in the audited consolidated financial
statements for the year ended December 31, 2005 filed with its Form
40-F in the United States describing this acquisition. In order to
maintain consistency between filings in Canada and the United
States, Pan American has restated its audited consolidated
financial statements for the year ended December 31, 2005 on SEDAR
in Canada including the same "Subsequent Event" note. For the same
reason, the Canadian financial statements filed today also contain
a "Fair Value of Financial Instruments" note describing the fair
value of Pan American's forward positions in zinc metal, Mexican
pesos and silver, as well as a description of the concentration
among customers for Pan American's concentrate and dore sales. The
information contained in this note has been previously fully
disclosed in the MD&A for the year ended December 31, 2005.
There are no other changes to the Canadian financial statements.
For further information visit the Company's website at
http://www.panamericansilver.com/ or contact: Robert Doyle - CFO
Pan American Silver Corp - (604) 684-1175 DATASOURCE: Pan American
Silver Corp. CONTACT: visit the Company's website at
http://www.panamericansilver.com/ or contact: Robert Doyle, CFO,
Pan American Silver Corp, (604) 684-1175
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