Pan American Silver (PAAS) closed at $19.29 in the latest trading session, marking a +1.74% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.07% for the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 2.17%. The silver mining company's stock has dropped by 4.44% in the past month, falling short of the Basic Materials sector's loss of 0.59% and the S&P 500's gain of 2.92%. The investment community will be paying close attention to the earnings perf ...

Pan American Silver Corp. (PAAS) has signed a binding letter of intent with Unico Silver Limited to divest its Joaquin and Cerro Puntudo projects in Argentina. The move aligns with Pan American Silver's strategy to focus on core operations and high-growth projects. The transaction is expected to be completed by the end of September 2024, pending all necessary approvals. The financial details of this deal are not yet disclosed. PAAS has been working to optimize its portfolio and allocate resources more effic ...

Just_Super We're over halfway through the Q2 Earnings Season for the Silver Miners Index (SIL) and one of the first companies to report its results was Pan American Silver Corp. (NYSE:PAAS). The company reported a softer Q2 overall with costs up sharply year-over-year on the back of lower production, but this was largely related to weaker performances from Cerro Moro and La Colorada. Fortunately, ventilation upgrades are finally complete at the latter mine and Pan American will generate significant free cas ...

Pan American Silver Corp. (PAAS) reported adjusted earnings per share of 11 cents for second-quarter 2024, missing the Zacks Consensus Estimate of 15 cents. PAAS had posted adjusted earnings per share of 8 cents in the year-ago quarter. Including one-time items, Pan American Silver reported a loss of 6 cents per share in the quarter compared with the year-ago quarter's loss of 9 cents. PAAS's revenues improved 7.3% year over year to $686 million in the quarter under review. The top line beat the Zacks Conse ...

Pan American Silver Corp. (NYSE:PAAS) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Siren Fisekci - IR Michael Steinmann - President and CEO Steve Busby - COO Conference Call Participants Cosmos Chiu - CIBC Don DeMarco - National Bank Financial Operator Good morning, ladies and gentlemen and welcome to the Pan American Silver Second Quarter 2024 Unaudited Results Conference Call and Webcast. [Operator Instructions] This call is being recorded on Thursday, August 8, 2024. I ...

Financial Performance - Adjusted earnings were $40 million, or $0.11 per share, including a $0.03 per share tax expense related to inflation adjustments in Argentina[2] - The company has a strong financial position with $1.1 billion in Total Available Liquidity before Working Capital of $203.3 million[2] - Net loss for the period was $(21.4) million, or $(0.06) per share[3] - Net cash generated from operating activities was $162.7 million[3] Production and Costs - Silver production reached 4.6 million ounces[2] - Gold production was 220 thousand ounces[2] - Silver Segment Cash Costs were $14.49 per ounce[2] - Gold Segment Cash Costs were $1,186 per ounce[2] - The company is maintaining its 2024 operating outlook for production and costs, but annual silver production is expected to be towards the low end of the range[2] Capital Expenditure & Operating Forecast - Sustaining Capital is expected to be $295 million – $310 million[27] - Project Capital is expected to be $80 million – $85 million[27]

Pan American Silver (PAAS) reported $686.3 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.3%. EPS of $0.11 for the same period compares to $0.04 a year ago. The reported revenue represents a surprise of +0.60% over the Zacks Consensus Estimate of $682.18 million. With the consensus EPS estimate being $0.15, the EPS surprise was -26.67%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

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 ...