News Summary

• Pan American Silver Corp. (NYSE:PAAS) is one of the best Canadian stocks to buy for long term.
• Bank of America raised the price target for Pan American Silver to $94 from $84 with a Buy rating, following the release of the updated Preliminary Economic Assessment for the La Colorada Skarn project.
• The Revised PEA highlights exceptional economic potential, forecasting an average annual silver production of 19.1 million ounces during the peak five years following ramp-up.
• With base case silver prices set at $45.00 per ounce, the project boasts an after-tax net present value of $2.6 billion and an internal rate of return of 17%.