February 16, 2011 / 5:05 AM / in 7 years

UPDATE 1-Pan American Silver Q4 rises on higher metals prices

* EPS $0.43 vs $0.31 a year-ago, forecast $0.47

* Revenue up 24 percent at $191.1 million (In U.S. dollars unless noted)

Feb 16 (Reuters) - Pan American Silver said its fourth-quarter profit rose 67 percent on higher realized prices for all metals produced by the company.

The Vancouver-based silver miner, which operates in Mexico, Peru, Bolivia and Argentina, posted net income of $46.4 million, or 43 cents per share, in the quarter ended Dec. 31.

This compared with $27.8 million, or 31 cents per share, in the fourth quarter of 2009.

The results fell short of analysts’ average estimate of 47 cents a share, according to Thomson Reuters I/B/E/S.

Revenue was up 24 percent at $191.1 million. (Reporting by Julie Gordon and Isheeta Sanghi; Editing by Dhara Ranasinghe)

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