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Pan American Silver Corp. - PAAS STOCK NEWS

Welcome to our dedicated page for Pan American Silver news (Ticker: PAAS), a resource for investors and traders seeking the latest updates and insights on Pan American Silver stock.

Pan American Silver Corp. (PAAS) is a leading mining company dedicated to the exploration, development, and operation of silver and gold-producing properties. Founded with the mission to offer investors a prime opportunity to benefit from rising silver prices, the company has established itself as a prominent player in the global mining industry.

Pan American Silver operates a portfolio of seven silver mines located in Argentina, Peru, Mexico, and Bolivia. These include the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines. In addition to silver and gold, the company also produces and markets zinc, lead, and copper, diversifying its revenue streams and enhancing its market position.

The company is known for its commitment to sustainability and excellence in mining. It continuously seeks to increase low-cost silver production through high-quality assets and maintains a robust mine-site exploration program to replace mined silver reserves and resources. Pan American Silver also actively engages in greenfield exploration and business development initiatives to add new reserves and resources.

With an industry-leading team of professionals possessing extensive experience in operations, construction, and exploration, Pan American Silver leverages its expertise to generate strong cash flows and sustainable profits. The company aims to provide significant leverage to higher silver prices, making it a valuable investment for those seeking exposure to the precious metals market.

Recent achievements include advancements in exploration projects and successful operational efficiencies across its mines. Pan American Silver continues to focus on growth and profitability, positioning itself as a pre-eminent silver producer with a reputation for excellence in the industry.

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Pan American Silver (NYSE: PAAS, TSX: PAAS) will release its unaudited second quarter 2024 financial results after the market closes on Wednesday, August 7, 2024.

A conference call and webcast will take place on Thursday, August 8, 2024, at 11:00 am ET (8:00 am PT).

Dial-in numbers for the event are 1-888-259-6580 (toll-free in Canada and the U.S.) or +1-416-764-8624 for international participants, using Conference ID: 79828819.

The live webcast, presentation slides, and the report will be accessible at Pan American Silver's website. The webcast archive will be available for three months.

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Pan American Silver (NYSE: PAAS) releases mid-year exploration update for Jacobina, El Peñon, La Colorada, and Huaron properties, showcasing potential for further mineral resource growth. Key highlights include significant drill results from La Colorada and El Peñon, indicating high silver grades and potential new vein structures. From November 2023 to April 2024, a total of 223,157 meters were drilled, with plans to drill an additional 200,000 meters by December 2024. Upcoming resource updates are expected in August 2024.

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Pan American Silver (NYSE: PAAS, TSX: PAAS) has released its 2023 Sustainability Report, detailing its ESG (environment, social, and governance) achievements.

Key highlights include zero fatalities, a record low injury frequency rate of 0.69, and a lowest injury severity rate of 40. The company invested $14.7 million in local communities and spent over $2 billion on wages, supplies, services, and taxes.

Pan American rehabilitated 89 hectares of land, received approval for the Manantial Espejo social closure plan, and trained 100% of its security personnel in human rights. Women were hired for 24% of vacant positions.

The report incorporates GRI Standards, SASB Standards, and TCFD framework. Pan American also completed the Yamana Gold acquisition, adding four new mines. Recognized by S&P Global and Sustainalytics, Pan American ranks in the top 10% for ESG performance in the Metals & Mining industry.

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Pan American Silver Corp. announced the results of its annual general and special meeting held on May 8, 2024, in Vancouver, British Columbia. Shareholders voted in favor of all matters, including setting the number of directors at nine, electing management's nominees as directors, appointing auditors, and accepting the company's approach to executive compensation. The voting results were overwhelmingly positive, with high percentages in favor of the resolutions.

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Pan American Silver Corp. reports strong Q1 2024 results with $601.4 million in revenue and $133.2 million cash flow from operations. The company progressed major projects, returned $58.0 million to shareholders, and agreed to sell La Arena asset for $245 million. Pan American reaffirms its 2024 guidance, maintains working capital of $693.5 million, and repurchased 1.7 million shares. Project updates show investments across various mines. The sale of La Arena mine is expected to be completed in Q3 2024.

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Pan American Silver Corp. (NYSE: PAAS) has agreed to sell its 100% interest in La Arena S.A. for US$245 million cash upfront and a US$50 million contingent payment to Zijin Mining Group Co., The sale includes the La Arena gold mine and the La Arena II project in Peru, with Pan American retaining a 1.5% gold net smelter return royalty for La Arena II. The transaction aims to optimize the company's portfolio, strengthen its financial position, and focus on capital allocation priorities.

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Pan American Silver Corp. (PAAS) will announce its unaudited results for the first quarter of 2024 on May 8, 2024. The company will also hold its Annual General and Special Meeting of shareholders on the same day. Details of the conference call, webcast, and meeting are provided in the press release.
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Pan American Silver Corp. (PAAS) reports promising results from the La Colorada Skarn project in Mexico, with high-grade intercepts in drill holes. The company plans to update its mineral resource estimate in August 2024.
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Pan American Silver Corp. (NYSE: PAAS) announces a normal course issuer bid to repurchase up to 5% of its outstanding common shares, totaling 18,232,990 shares. The bid will be executed on the TSX and NYSE, starting on March 6, 2024, until March 5, 2025. The company aims to enhance shareholder value by investing excess cash in its undervalued shares.
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Pan American Silver Corp. reports Q4 2023 financial results and FY 2023 audited financial results, highlighting solid cash position, record silver and gold production, revenue, and strategic initiatives for 2024. The company also announces a normal course issuer bid to repurchase common shares.
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FAQ

What is Pan American Silver Corp's primary business?

Pan American Silver Corp primarily focuses on the exploration, development, and operation of silver and gold-producing properties.

Where are Pan American Silver Corp's mines located?

The company operates seven silver mines located in Argentina, Peru, Mexico, and Bolivia.

What other metals does Pan American Silver Corp produce?

Besides silver and gold, the company also produces and sells zinc, lead, and copper.

How does Pan American Silver Corp ensure the replacement of mined reserves?

The company has a successful mine-site exploration program and greenfield exploration initiatives to replace and add new silver reserves and resources.

What is Pan American Silver Corp's strategy for growth?

The company focuses on increasing low-cost silver production, efficient operations, and exploring new growth opportunities through its business development initiatives.

How does Pan American Silver Corp contribute to sustainability in mining?

Pan American Silver is committed to sustainable development practices, ensuring environmental stewardship and community engagement in its operations.

Who leads Pan American Silver Corp?

The company boasts an industry-leading team of experienced professionals in mining operations, construction, and exploration.

What is the vision of Pan American Silver Corp?

Pan American Silver aims to be the world’s leading silver producer, recognized for excellence in discovery, engineering, and sustainable development.

What recent achievements has Pan American Silver Corp made?

The company has made significant advancements in exploration projects and operational efficiencies, contributing to its growth and profitability.

Why should investors consider Pan American Silver Corp?

Investors should consider the company for its strong cash flows, sustainable profits, and significant leverage to higher silver prices.

Pan American Silver Corp.

NYSE:PAAS

PAAS Rankings

PAAS Stock Data

8.55B
362.95M
0.07%
63.15%
3.07%
Silver Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Vancouver