Pan Amern Silver Corp Stock Price, News & Analysis

Pan American Silver Corp. (NASDAQ: PAAS) has announced the appointment of Kathleen Sendall to its Board of Directors. With over 30 years in the energy sector, Ms. Sendall has held significant executive roles, including leading Petro Canada's Natural Gas Business Unit. She boasts extensive board experience, including positions at Enmax Corporation and Emissions Reduction Alberta. Her leadership is expected to bolster Pan American's strategic initiatives, especially in responsible resource development. The company is the world’s second-largest primary silver producer, with a diversified portfolio of gold and silver mines across Latin America.

Pan American Silver Corp. (NASDAQ: PAAS) announced its Q3 2020 results, reporting revenue of $300.4 million, with net income of $65.3 million ($0.31 per share). Despite lower metal sales, strong precious metal prices led to mine operating earnings of $124.6 million. The company reduced its debt significantly, aiming to eliminate bank debt by year-end. A 40% increase in quarterly dividends to $0.07 per share was also approved, with payments set for November 27, 2020. Silver production was 4.1 million ounces, impacted by COVID-19 restrictions.

Pan American Silver Corp. (NASDAQ: PAAS) announced the resumption of production at its Huaron and Morococha operations in Peru following recent workforce redeployment and extensive COVID-19 health screenings. The annual production, cash costs, and all-in sustaining costs for 2020 will align with prior guidance set on August 5, 2020. The company emphasized strict protocols to mitigate the COVID-19 spread among its workforce. Pan American remains the world's second-largest primary silver producer, with significant operations across Latin America.

Pan American Silver Corp. (NASDAQ: PAAS) reported Q2 2020 results amid significant COVID-19 impacts, with operations suspended at various Latin American sites. Revenue reached $249.5 million, bolstered by strong metal prices, despite a decline in silver production to 2.8 million ounces. The company improved its financial position, raising cash to approximately $262 million and reducing debt to $200 million. An approved cash dividend of $0.05 per share reflects resilience. Operations resumed, but ongoing restrictions affect capacity. Updated guidance indicates potential for strong cash flow in the latter half of 2020.

Pan American Silver Corp. reported its mineral reserves and resources as of June 30, 2020. Proven and probable reserves contain approximately 550 million ounces of silver and 5.2 million ounces of gold. Measured and indicated resources total around 806 million ounces of silver and 9.4 million ounces of gold. Significant achievements include a 76% replacement of silver and a 107% replacement of gold mined over the last year. Notable discoveries were made at La Colorada, Shahuindo, and La Arena, enhancing future production potential.

Pan American Silver Corp. (NASDAQ: PAAS) announced an updated inferred mineral resource estimate for the La Colorada skarn deposit in Mexico, showing 100.4 million tonnes containing approximately 141 million ounces of silver. This marks a significant 38% increase in tonnes and silver ounces from the previous estimate in December 2019. Exploration drilling continues to reveal extensive mineralized systems, confirming the deposit's world-class potential. The company is advancing development with metallurgical studies and project engineering.

Pan American Silver Corp. (NASDAQ: PAAS) has announced the suspension of operations at its Huaron and Morococha mines in Peru due to COVID-19 concerns after several workers tested positive. The company will place these sites under care and maintenance with a reduced workforce, following comprehensive health protocols. Normal operations will resume only when it is deemed safe. Pan American, the second largest primary silver producer globally, maintains a strong presence in Latin America, with a diversified portfolio of assets.

Pan American Silver Corp. (NASDAQ: PAAS) has acquired an additional 450,000 shares of New Oroperu Resources Inc. (TSXV: ORO) by exercising warrants at CAD$0.20 each, yielding gross proceeds of CAD$90,000. Following this transaction, Pan American holds approximately 18.61% of New Oroperu's outstanding shares on a non-diluted basis. This investment is aimed at enhancing its portfolio, with the company retaining the option to buy additional shares or dispose of its holdings based on market conditions.