NYSE | TSX PAAS 1 INTRODUCING THE EXPANDED LA COLORADA MINE P R E S E N T A T I O N / / M A R C H 2 0 2 6 NYSE | TSX PAAS CAUTIONARY NOTE Non-GAAP Measures This presentation of Pan American Silver Corp. and its subsidiaries (collectively, "Pan American", "Pan American Silver", the "Company", "we" or "our") refers to various non-GAAP measures, such as "AISC". These measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by oth ...

Pan American Announces Revised PEA for the La Colorada Skarn Project, Positions La Colorada as a Future Top-tier Silver Mine The Revised PEA includes a portion of the mineral resources from the La Colorada vein mine, mainly comprised of inferred mineral resources, as well as high-grade portions of the skarn deposit mineral resources. The Revised PEA envisions combined development to access the newly identified silver mineral resource in the eastern Candelaria area of the existing La Colorada mine concurrent ...

Key Takeaways Hecla Mining boosted 2025 silver output 5% to 17M oz and revenues 53% to $1.4B on higher prices.PAAS delivered record $3.62B revenues and 22.8M oz silver output, up 8% year over year.HL and PAAS are expanding via acquisitions and exploration to grow reserves and output.Hecla Mining Company (HL) and Pan American Silver (PAAS) are well-known names operating in the Zacks Mining - Silver industry. These two companies are focused on the extraction of minerals, including silver, while driving growth ...

Key Takeaways PAAS produced 22.8M ounces of silver in 2025, up 8% and above expectations, with record Q4 output.Juanicipio and La Colorada mines are key drivers, with strong output expected through 2026.PAAS targets 25to 27 million ounces in 2026, implying 14% growth at the midpoint with stronger H2 output.Pan American Silver Corp. (PAAS) has delivered solid performance in 2025, backed by strong production growth and silver prices. The company produced 22.8 million ounces of silver in 2025, surpassing the c ...

点击蓝字，关注我们 今日上午港股 绩，娱乐场收益244.18亿港元，同比增长3.39%；拥有人应占溢利16.3亿港元，同比减少49.05%；每股 基本盈利0.31港元；末期息0.223港元。 8 . 长飞光纤光缆(06869)今早一度涨超8%，截至发稿，涨7.2% 。消息面上，据C114通信网消息，近 日，中国电信集团黑龙江电信分公司发布2026年室外光缆应急采购项目招标公告。 9 . 利福中国(02136)绩后跌近9% 。消息面上，利福中国发布2025年度业绩，该集团取得收入12.11亿 元(人民币，下同)，同比减少3.35%；股东应占亏损3113.1万元，同比扩大54.84%。 1. 西部水泥(02233)绩后涨超3%，截至发稿，涨3.85% 。消息面上，3月24日，西部水泥发布2025年年 度业绩，收入人民币96.21亿元，同比增长15.3%；股东应占溢利8.8亿元，同比增长40.5%；每股基本 盈利16.1分；末期息0.048元。 2 . 金浔资源(03636)涨超14% 。消息面上，近日，金浔资源发布公告，本集团预期截至2025年12月31 日止年度将取得归属于本公司拥有人的综合盈利约人民币3亿元至 ...

Core Insights - The world's largest mining companies have experienced stock losses nearing 30% since the onset of the war, with copper entering a bear market, silver down 40% from its peak, and gold facing its worst week in decades [1][2] Market Performance - Gold futures fell by $225 an ounce, closing at $4,492, marking a 3.5% decline for the day and over 11% for the week [1] - Silver dropped to $67.81, a 6.9% decrease from the start of trading on Friday [1] - Copper ended the day down 4.0% at $5.30 per pound ($11,690 per tonne), with a weekly decline of 7.4% [2] Company-Specific Impacts - Newmont's stock is down 26.3% since the war began, trading at a market cap of $104 billion, down from $143 billion [3][4] - Barrick Mining has seen a 26.8% decline, with a market cap of $62 billion, down $27 billion since late January [4] - Teck Resources holds a royalty on Barrick's Fourmile gold project, which could significantly impact Barrick's valuation [5] Other Mining Companies - AngloGold Ashanti's shares have plummeted 37.4% in March, resulting in a market value of $40 billion, while Gold Fields lost 33.6% to $35 billion [5] - Wheaton Precious Metals has fallen nearly 30% since the conflict began, now valued at $52 billion [6] - Fresnillo's shares are down 31.3% in March, reducing its market cap to $30 billion [7] Broader Industry Trends - BHP's shares have decreased by 20.0%, with a market cap of $168.58 billion, despite record profits [8] - Glencore has only lost 4.3% since the start of the conflict, now valued at $81 billion, making it the best performer among major mining companies year-to-date [18] - Vale's stock has declined by 18.2%, with a market cap of $61 billion, positioning it as one of the better-performing large-cap miners [20]

点击蓝字，关注我们 今日上午港股 1. 珠光控股(01176)盘中跌超33%，截至发稿，跌25.64% 。消息面上，3月19日，珠光控股发布公告， 于本公告日期，本公司独立估值师及核数师未能完成彼等各自于2025财政年度的估值及审计工作，包 括但不限于以下方面：投资物业、发展中物业及完成待售物业；贸易应收款项及其他应收款项的预期 信贷亏损评估；投资于一间联营公司(即银建国际控股集团有限公司，其股份于联交所主板上市，股 份代号：0171)；及本集团综合财务报表所载若干重大项目的审计确认书。 2 . 部分黄金股回暖，截至发稿， 紫金黄金国际(02259)涨6.89%，灵宝黄金(03330)涨7.31%，中国黄金 国际(02099)涨2.59%，中国白银集团(00815)涨2.11% 。消息面上，贵金属市场在遭遇暴跌后反弹，现 货黄金一度回升至4700美元上方。 3 . 派格生物医药-B(02565)涨超6% 。消息面上，派格生物医药公布，近日与上海腾瑞制药股份有限公 司就公司核心产品派达康在中国大陆地区的商业化合作签署战略合作协议。 4. 晶苑国际(02232)绩后跌超4%，截至发稿，跌2.03% 。消息面上，3 ...

Key Takeaways Pan American Silver saw Cerro Moro Q4 silver output rise 10.6% y/y, with gold up 22.7%.The 2026 silver production at Cerro Moro is projected at 2.8-3M ounces, suggesting 16% growth at the midpoint.Higher-grade ore and lower costs could lead to a negative AISC of $25.75-$21.75 per ounce.Pan American Silver Corp. (PAAS) invested $94 million of project capital in 2025 to advance several major projects, among which a prominent one was the Cerro Moro mine in Argentina. The company has increased cap ...

Core Viewpoint - Pan American Silver (PAAS) is experiencing fluctuations in stock performance, with a recent decline of 6.58% while showing significant year-over-year growth in earnings and revenue forecasts for the upcoming earnings disclosure [1][2]. Company Performance - In the latest trading session, PAAS shares closed at $56.12, down 6.58%, which is a larger decline compared to the S&P 500's loss of 0.61% [1]. - Prior to this decline, PAAS shares had increased by 10.04%, outperforming the Basic Materials sector's loss of 3.27% and the S&P 500's loss of 2.25% [1]. Earnings Forecast - Analysts forecast an EPS of $1.03 for the upcoming earnings report, reflecting a 145.24% increase from the same quarter last year [2]. - The consensus estimate for revenue is projected at $1.25 billion, indicating a 61.36% increase compared to the previous year [2]. Full Year Estimates - For the full year, earnings are projected at $3.97 per share, representing a 56.3% increase from the previous year [3]. - Revenue for the full year is estimated at $4.82 billion, showing a growth of 33.09% compared to the prior year [3]. Analyst Estimates - Recent changes to analyst estimates for PAAS are important as they reflect short-term business trends [4]. - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [4]. Zacks Rank and Valuation - The Zacks Rank system currently rates PAAS as 3 (Hold), with an average annual return of +25% for 1 rated stocks since 1988 [6]. - The Zacks Consensus EPS estimate has increased by 8.61% over the last 30 days [6]. - PAAS is trading at a Forward P/E ratio of 15.12, which is below the industry average of 17.1 [7]. - The company has a PEG ratio of 0.55, aligning with the Mining - Silver industry's average PEG ratio [7]. Industry Context - The Mining - Silver industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 12, placing it in the top 5% of over 250 industries [8]. - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8].

Core Viewpoint - Pan American Silver is experiencing a pullback in stock price amid a volatile market, but it has formed a handle in a cup-with-handle base, indicating potential for a new buy point as it benefits from record-high prices and increasing production [1] Company Performance - Pan American Silver reported record revenue and earnings in 2025, with sales increasing by 28% and adjusted per-share earnings soaring by 222% to $2.54 [1] - Earnings growth is projected to rise by 79% next year, following a robust average growth of 186% over the past three quarters [1] - Sales growth has accelerated from 18% to 45% during the same period, highlighting strong fundamentals [1] Dividend Information - The company has raised its dividend for three consecutive quarters, with the current dividend at $0.18 per share, reflecting an 80% increase from the first quarter of 2025 [1] Technical Analysis - Despite a recent drop, Pan American Silver is forming the handle portion of a cup-with-handle base, with a current base entry point at 68.91 [1] - The handle has formed with slightly lighter volume than the actual base, indicating a potential consolidation phase after a 71% run from the previous breakout [1] - The stock's relative strength line has shown some weakness after outperforming the market, and it has recently undercut the 50-day moving average, which could signal potential challenges ahead [1] Market Context - The overall market is experiencing volatility, with the S&P 500 hitting a low as investors shift towards other safe-haven assets, impacting gold and silver prices [1]