Canadian miner Pan American Silver Corp. produced 6.6 million ounces of silver and 173,900 ounces of gold in the fourth quarter of 2019, according to preliminary figures released Jan. 15.

These are year-over-year increases from 6.1 Moz of silver and 37,200 ounces of gold.

Full-year 2019 silver output rose to 25.9 Moz from 24.8 Mozs, and gold output surged to 559,200 ounces from 178,900 ounces.

The results are in line with the revised annual guidance range of 25.3 Moz to 26.3 Moz of silver and 550,000 to 600,000 ounces of gold.

In 2020, the company expects to produce 27 Moz to 28.5 Moz of silver and 625,000 to 675,000 ounces of gold.

In the fourth quarter of 2019, zinc production declined year over year to 16,600 tonnes from 18,500 tonnes, lead production climbed to 7,200 tonnes from 6,300 tonnes, and copper production rose to 2,300 tonnes from 2,200 tonnes.

Over the whole year, zinc output totaled 67,600 tonnes, beating the annual guidance range of 65,000 to 67,000 tonnes. Lead output reached 27,300 tonnes, exceeding the full-year target of 24,000 to 25,000 tonnes.

Copper output was 8,700 tonnes, falling short of the 2019 guidance range of 9,800 to 10,300 tonnes.