Nasdaq- and TSX-listed Pan American Silver has had a strong 2019, during which it generated $282-million in operational cash flow, allowing for $60-million in debt to be retired, a shareholder payout of about $29-million, investment in new projects and an improved cash position.
The miner bolstered its quarterly dividend by 43%, with the board having approved an increase in the cash dividend from $0.035 to $0.05 a share, for about $10.5-million in aggregate cash dividends, payable on March 12.
During the fourth-quarter, Pan American Silver generated its most-ever cash from operating activities of $129.5-million.