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Mon Jun 28, 2004
Pan American Sells Peruvian Properties to Barrick Gold for $3.65 Million
Vancouver, Canada - PAN AMERICAN SILVER CORP. (NASDAQ: PAAS; TSX: PAA) announced today it has concluded the sale of a package of surface properties and mineral rights in the vicinity of its Quiruvilca mine in Peru to a subsidiary of Barrick Gold Corporation for US$3.65 million.
The package includes lands surplus to the needs of the Quiruvilca mine and does not effect the mine's operation. The proceeds from the sale will be applied over several years to the mine's costs for concurrent reclamation.
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For Further Information Contact:
Brenda Radies, VP Corporate Relations
(604) 684-1175
www.panamericansilver.com |
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