Pan American Silver Corp. provided operating guidance for the fiscal year 2013. The company expecting 2013 to be even better, as it is forecasting increases in both silver and gold production while cash costs per ounce remain basically unchanged.

In 2013, the company expects to produce 25 million to 26 million ounces of silver, an increase of up to one million ounces from 2012, while gold production is expected to climb to up to 34% to between 140,000 and 150,000 ounces. The company anticipates similar levels of base metals production in 2013 at 36,000 to 39,600 tonnes of zinc, 11,500 to 12,500 tonnes of lead, and 3,500 to 4,000 tonnes of copper. Capital investments in 2013 are expected to total $157 million.