Pan American Silver(US:PAAS)2024-08-08 16:34Financial 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]