Pan American Silver (PAAS) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -26.67%. A quarter ago, it was expected that this silver mining company would post a loss of $0.06 per share when it actually produced earnings of $0.01, delivering a surprise of 116.67%. Over the last four qu ...

Management's Discussion and Analysis FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 PAN AMERICAN SILVER CORP. Management Discussion and Analysis For the three and six months ended June 30, 2024 and 2023 (tabular amounts are in millions of U.S. dollars and thousands of shares, options, and warrants except per share amounts and per ounce amounts, unless otherwise noted) TABLE OF CONTENTS | --- | --- | |------------------------------------------------------------------|-------| | | | | Introduction | 2 | | C ...

Monty Rakusen Financial markets have turned volatile around the world. That often has bullish implications for precious metals, but silver and gold have merely been treading water. Of course, that's a much better outcome following macro events over the past week compared to cryptocurrencies. The focus shifts back to firm-specific happenings this week when Pan American Silver (NYSE:PAAS) reports Q2 results. Volatility is high heading into the profit update, and the stock's valuation appears fair in my view w ...

Core Viewpoint - Pan American Silver is experiencing positive momentum in its stock performance, with significant expected earnings growth and revenue increase in the upcoming earnings report scheduled for August 7, 2024 [2][3]. Company Performance - The company's shares closed at $21.71, reflecting a +1.12% increase from the previous day, outperforming the S&P 500's daily gain of 0.08% [1]. - Over the last month, Pan American Silver's shares have risen by 8%, contrasting with a loss of 1.43% in the Basic Materials sector and a loss of 0.21% in the S&P 500 [1]. Earnings Forecast - Analysts forecast an EPS of $0.13 for the upcoming quarter, representing a 225% increase from the same quarter last year [2]. - For the full year, the Zacks Consensus Estimates predict earnings of $0.66 per share, marking a +450% change from the previous year [3]. - Revenue is expected to reach $679.96 million for the upcoming quarter, indicating a 6.26% increase compared to the year-ago quarter, and $2.69 billion for the full year, reflecting a +16.07% change [2][3]. Analyst Estimates - Recent adjustments to analyst estimates for Pan American Silver suggest a positive outlook for the company's business operations and profit generation capabilities [4]. - The Zacks Consensus EPS estimate has increased by 11.51% in the past month, indicating growing analyst confidence [6]. Valuation Metrics - The company currently has a Forward P/E ratio of 32.58, which is higher than the industry average of 20.79 [7]. - The Mining - Silver industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 3, placing it in the top 2% of over 250 industries [7][8].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. It' ...

Unaudited Condensed Interim Consolidated Financial Statements and Notes FOR THE THREE MONTHS ENDING MARCH 31, 2024 Condensed Interim Consolidated Statements of Financial Position (unaudited, in millions of U.S. dollars) | | | March 31, | December 31, | | --- | --- | --- | --- | | | | 2024 | 2023 | | Assets | | | | | Current assets | | | | | Cash and cash equivalents (Note 20) | $ | 301.1 $ | 399.6 | | Investments (Note 5) | | 30.3 | 41.3 | | Trade and other receivables | | 149.5 | 138.0 | | Income tax recei ...

Summary of Pan American Silver Corp. Conference Call Company Overview - **Company**: Pan American Silver Corp. (NYSE: PAAS) - **Event**: BMO 33rd Global Metals, Mining & Critical Minerals Conference - **Date**: February 27, 2024 - **Participants**: Michael Steinmann (President and CEO), Jackie Przybylowski (BMO Capital Markets) Key Points Portfolio Rationalization - The company is focusing on further portfolio rationalization, identifying non-core assets for divestment [2][3] - Successful integration of assets from the Yamana transaction, including four mines, has been highlighted [2] - The company has sold three assets and smaller investments, optimizing the portfolio quickly [2] - The divestment of the MARA joint venture was strategic, yielding nearly $400 million in cash and royalties [3] Production and Financial Performance - Silver production increased by approximately 11% following the MARA transaction, with a 60% increase in gold production [3] - The company aims to maintain a diversified portfolio, with no single country contributing more than 25% of revenue [5] Market Environment and Acquisitions - The current market for acquisitions is competitive, with a focus on the quality of assets rather than timing [12][13] - Long-term asset quality is prioritized over short-term metal price fluctuations [13] Silver Market Outlook - The CEO expressed a positive long-term outlook for silver, emphasizing its critical role in electronics and clean energy [15] - Current investor outflows from silver ETFs are noted, but strong industrial demand is expected to support future prices [15] Share Buyback Strategy - The company has announced a $240 million NCIB (Normal Course Issuer Bid) to support share price, alongside a commitment to dividends [16][17] - The CEO emphasized the importance of maintaining a strong balance sheet to capitalize on opportunities [20] La Colorada Project - Significant investment in the La Colorada mine, including a $48 million ventilation shaft, is expected to restore production levels [22] - The mine has historically produced around 7 million ounces of silver annually, with production impacted in the previous year [22] - The Skarn project at La Colorada is described as a world-class discovery, with potential for a multi-decade operation [23][24] Escobal Mine Update - The Escobal mine is currently in care and maintenance, with a court-mandated ILO process ongoing for consultation with indigenous groups [27][28] - The transition to a new government in Guatemala has slightly slowed the process, but there is a commitment to continue consultations [29][31] Regulatory Environment in Mexico - The CEO does not foresee risks to existing operations in Mexico due to the current administration's stance on open-pit mining [36] - The Dolores mine will transition to a leaching phase, with no further open-pit mining planned [36] Future of Mining - The CEO believes that underground mining will become increasingly preferred due to geological and environmental considerations [36] Additional Insights - The company is exploring potential partnerships for the Skarn project to leverage its value without taking on full operational responsibility [24][25] - The CEO's extensive experience in South America is viewed as a competitive advantage in negotiations and community relations [7][9]

Pan American Silver Corp. (NYSE:PAAS) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Siren Fisekci - Vice President of Investor Relations Michael Steinmann – President and CEO Steve Busby - Chief Operating Officer Ignacio Couturier - CFO Conference Call Participants Cosmos Chiu - CIBC John Tumazos - Very Independent Research Craig Hutchison - TD Don DeMarco - National Bank Financial Operator Good morning, ladies and gentlemen, and welcome to the Pan American Silver’s Fo ...

Management's Discussion and Analysis PAN AMERICAN SILVER CORP. 11 Management Discussion and Analysis For the years ended December 31, 2023 and 2022 (tabular amounts are in millions of U.S. dollars except number of shares, options, warrants, per share amounts, and per ounce amounts, unless otherwise noted) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS INTRODUCTION This Management's Discussion and Analysis ("MD&A") is intended to help the reader understand the significa ...

Pan American Silver Corp. (NYSE:PAAS) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Siren Fisekci - Vice President, Investor Relations Michael Steinmann - President & Chief Executive Officer Steve Busby - Chief Operating Officer Sean McAleer - Senior Vice President of Strategic Initiatives Martin Wafforn - Senior Vice President-Technical Services and Process Optimization Conference Call Participants Cosmos Chiu - CIBC Capital Markets Ovais Habib - Scotiabank Carey MacRur ...