Pan American Silver to be added to the XAU
February 14 2005 - 4:47PM
PR Newswire (US)
Pan American Silver to be added to the XAU VANCOUVER, Feb. 14
/PRNewswire-FirstCall/ -- Pan American Silver Corp. (PAAS: NASDAQ;
PAA: TSX) is pleased to announce that effective February 21, 2005
it will be added to the prestigious Philadelphia Gold and Silver
Sector Index, known as the XAU. The XAU was the sixth most traded
index option in the United States in 2004 and is the bellwether
Gold/Silver sector index for traders and investors. According to a
statement released by Daniel R. Carrigan, the Philadelphia Stock
Exchange's vice-president of new product development, the addition
of Pan American Silver to the index reflects leadership changes in
the Gold and Silver industry. "Pan American Silver Corp. has
vaulted into the position of the largest primary silver producer in
the world with all production unhedged." Pan American is proud to
be included in the industry's premier index. For further
information Contact: Brenda Radies, VP Corporate Relations, (604)
684-1175, http://www.panamericansilver.com/ CAUTIONARY NOTE Some of
the statements in this news release are forward-looking statements
and as such are based on an assumed set of economic conditions and
courses of action. These include estimates of future production
levels, expectations regarding mine production costs, expected
trends in mineral prices and statements that describe Pan
American's future plans, objectives or goals. There is a
significant risk that actual results will vary, perhaps materially,
from results projected depending on such factors as changes in
general economic conditions and financial markets, changes in
prices for silver and other metals, technological and operational
hazards in Pan American's mining and mine development activities,
uncertainties inherent in the calculation of mineral reserves,
mineral resources and metal recoveries, the timing and availability
of financing, governmental and other approvals, political unrest or
instability in countries where Pan American is active, labor
relations and other risk factors listed from time to time in Pan
American's Form 40-F. DATASOURCE: Pan American Silver Corp.
CONTACT: Brenda Radies, VP Corporate Relations, (604) 684-1175,
http://www.panamericansilver.com/
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