Charts courtesy www.stockcharts.com

Continuing with the deployment of our opportunity cash we acquired more of Pan American Silver Corporation at $31.06 today. As we can see from the chart this stock has been sold off from a high of $42.00 to around $30.00 recently and hopefully the downside is limited.

Pan American Silver Corporation (PAAS) forms part of our core position and we are pleased to acquire more of this stock at these price levels.

PAAS has a market capitalisation of $2.52 billion, a P/E ratio of 25.14 with 80.77 million shares outstanding and an EPS of 1.24.

Pan American Silver Corporation trades on the NASDAQ under the symbol of PAAS and on the Toronto Stock Exchange under the symbol of PAA.

Have a sparkling day.

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