Pan Amern Silver Corp Stock Price, News & Analysis

Pan American Silver (NYSE: PAAS) held its annual general and special meeting on May 7, 2025, with 68.52% of shareholders (248,138,835 shares) participating. Shareholders approved all proposed matters, including:

- Setting the board size to nine directors (99.51% approval)
- Election of all nine director nominees with strong support (ranging from 80.65% to 99.75%)
- Appointment of Deloitte LLP as auditors (89.98% approval)
- Advisory vote on executive compensation "say-on-pay" (95.38% approval)

Notable director election results include Michael Steinmann receiving the highest approval at 99.75%, while Neil de Gelder received the lowest at 80.65%.

Pan American Silver (NYSE: PAAS) reported strong Q1 2025 financial results, with basic earnings of $0.47 per share. The company achieved revenue of $773.2 million and net earnings of $169.3 million. Production included 5.0 million ounces of silver and 182.2 thousand ounces of gold. Notable financial metrics include record mine operating earnings of $250.8 million and free cash flow of $112.6 million. The company's cash position strengthened to $923.0 million, with $750.0 million available in undrawn credit. PAAS declared a quarterly dividend of $0.10 per share and repurchased 909,012 shares at an average price of $22.00. The company maintains its 2025 guidance and continues to advance key projects including La Colorada Skarn and Jacobina optimization.

Pan American Silver (NYSE: PAAS) (TSX: PAAS) has scheduled the release of its first quarter 2025 unaudited results after market close on Wednesday, May 7, 2025. The company will host two key events:

1. A Conference Call and Webcast on May 8, 2025, at 11:00 am ET to discuss Q1 results. Participants can join via pre-registration or dial-in numbers: 1-833-752-3507 (toll-free in Canada and U.S.) or 1-647-846-7282 (International).

2. The Annual General and Special Meeting of Shareholders on May 7, 2025, at 3:00 pm PT, to be held at 1200 Waterfront Centre, Vancouver. Meeting materials are available on the company's website, though the meeting will not be webcast.

Pan American Silver (NYSE: PAAS) has announced the renewal of its normal course issuer bid to purchase up to 18,107,917 common shares, representing 5% of its outstanding shares as of February 28, 2025. The buyback program will run from March 6, 2025, to March 5, 2026, through the TSX and NYSE.

Under the current buyback program ending March 5, 2025, the company has already purchased 2,629,378 shares at an average price of C$23.47. The new program will allow maximum daily purchases of 186,936 shares on TSX and 25% of average daily trading volume on NYSE.

The company believes its share price may not fully reflect the underlying value of its mining operations and growth prospects. Purchases will be funded through working capital, with all acquired shares being cancelled. Pan American has established an automatic securities purchase plan with National Bank Financial for consistent repurchases.

Pan American Silver (NYSE: PAAS) reported strong financial results for Q4 and FY 2024, achieving record revenue of $815.1M in Q4 and $2.8B for the full year. The company generated record free cash flow of $196.2M in Q4 and $445.1M in FY 2024.

Silver production reached 6.0M ounces in Q4 and 21.1M ounces in FY 2024, while gold production hit 224.2K ounces in Q4 and a record 892.5K ounces in FY 2024. Net earnings were $107.8M ($0.30 per share) in Q4 and $112.7M ($0.31 per share) for FY 2024.

The company maintains a strong financial position with $1.6B in total available liquidity, including $887.3M in cash and short-term investments. A quarterly dividend of $0.10 per share was declared, and the company repurchased 1.7M shares in 2024 at an average price of $14.16.

Pan American Silver (NYSE: PAAS) achieved its 2024 production guidance with 21.1 million ounces of silver and 892 thousand ounces of gold. The company also met targets for zinc, lead, and copper production. Q4 2024 showed strong performance with 6.0 million ounces of silver production, including 1.6 million ounces from La Colorada mine in Mexico.

The company ended 2024 with a record cash and short-term investments of $887.3 million, including $862.8 million in cash and $24.5 million in short-term investments. This represents a $417.4 million increase from September 2024, partly due to the $306.6 million proceeds from the La Arena mine sale. With an undrawn revolving credit facility, total available liquidity reached $1,637.3 million by year-end.

Notable achievements include Jacobina mine's record gold production of 197 thousand ounces in 2024, and La Colorada's improved performance due to new ventilation infrastructure.

Pan American Silver (NYSE: PAAS) released its annual exploration update, highlighting drilling results across multiple mines. The company increased its 2024 drill budget to over 450,000 metres based on positive exploration results. Key findings include: high-grade gold intercepts at Jacobina (up to 116.41 g/t Au), significant silver-gold grades at El Peñon (up to 2,547 g/t Ag), discovery of 13 new veins at La Colorada with high-grade silver mineralization (up to 9,618 g/t Ag), and promising results from the Whitney Project including a notable intercept of 360 g/t Au over 2.4 metres. The exploration program demonstrates potential for long-term organic growth across multiple assets.

Pan American Silver Corp. has completed the sale of its La Arena gold mine and La Arena II project in Peru to Zijin Mining Group's subsidiary for US$245 million in cash. The deal includes a 1.5% gold net smelter return royalty for La Arena II and a potential US$50 million additional payment upon commercial production. Pan American secured rights to purchase up to 60% of future copper concentrate from La Arena II for North American markets through an offtake agreement approved by the Government of Canada.

Pan American Silver Corp. (NYSE: PAAS) has received Investment Canada Act approval for the sale of its La Arena gold mine and La Arena II project in Peru to Zijin Mining Group. The deal includes a US$245 million cash payment and a 1.5% gold net smelter return royalty for the La Arena II project. The approval requires Pan American to secure 60% of future copper concentrate supply from La Arena II for North American markets. An additional US$50 million payment is contingent upon La Arena II reaching commercial production. The transaction is expected to close by Q4 2024.