Welcome to our dedicated page for Pan Amern Silver news (Ticker: PAAS), a resource for investors and traders seeking the latest updates and insights on Pan Amern Silver stock.
Pan American Silver Corp (PAAS) delivers comprehensive updates on its silver and gold mining operations across Latin America. This dedicated news hub provides investors with timely access to official announcements, financial reports, and operational developments from one of the sector's most established producers.
Track key updates including quarterly earnings, resource exploration progress, and strategic initiatives. Our curated collection ensures transparency into PAAS's commitment to low-cost production, sustainable practices, and reserve expansion through brownfield and greenfield projects.
Discover updates on mine-site efficiencies, metal output trends, and leadership insights. Content spans acquisitions, technical innovations, and ESG milestones relevant to precious metals markets. Bookmark this page for streamlined access to verified information impacting PAAS investment landscape.
Pan American Silver reported record financial results for Q3 2024, including record free cash flow of $151.5 million. Revenue reached $716.1 million, with net earnings of $57.1 million ($0.16 per share) and adjusted earnings of $115.1 million ($0.32 per share). The quarter saw silver production of 5.47 million ounces and gold production of 225,000 ounces.
The La Colorada mine showed significant improvements with a 59% increase in silver production and 26% decrease in cash costs compared to Q2 2024. Cash and short-term investments increased by $101.3 million to $469.9 million. The company declared a quarterly dividend of $0.10 per share and maintains its 2024 Operating Outlook.
Metalla Royalty & Streaming (NYSE American: MTA) (TSXV: MTA) reports portfolio updates for several projects:
Gosselin (1.35% NSR): Drilling has extended mineralization outside the current resource pit shell, including potential connection between Côté and Gosselin deposits.
Endeavor (4.0% NSR): $20M funding secured for mine restart, with production expected in H1-2025. Recent drilling shows potential for increased ore extraction rates.
La Guitarra (2.0% NSR): Mining ramp-up continues, with commercial production expected before year-end. Current throughput averages 350 tonnes per day.
Joaquin (2.0% NSR): New operator plans comprehensive exploration program to boost resource estimate and publish maiden JORC (2012) MRE in H1-2025.
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) has announced that it will release its unaudited results for the third quarter of 2024 after market close on Tuesday, November 5, 2024. The company will host a conference call and webcast to discuss the results on Wednesday, November 6, 2024, at 11:00 am ET (8:00 am PT).
Interested parties can access the conference call using the following dial-in numbers:
- 1-888-259-6580 (toll-free in Canada and the U.S.)
- +1-416-764-8624 (international participants)
The conference ID is 97750876. A live webcast, presentation slides, and the Q3 2024 report will be available on the company's website. An archive of the webcast will be accessible for three months following the event.
Pan American Silver (NYSE: PAAS) reported its estimated mineral reserves and resources as of June 30, 2024. Proven and probable reserves include approximately 468 million ounces of silver and 6.9 million ounces of gold. Measured and indicated resources, excluding reserves, total about 1,148 million ounces of silver and 15.5 million ounces of gold. Inferred resources are approximately 366 million ounces of silver and 9.4 million ounces of gold. Notable increases were seen at the La Colorada Skarn project, where indicated silver resources jumped to 309 million ounces. The company plans to drill over 360,000 meters in 2024 to focus on near-mine exploration.
Pan American's exploration efforts have replaced mine production and expanded mineral reserves at multiple sites, including Jacobina and La Colorada. The divestment of non-core assets resulted in a reduction in overall mineral reserves and resources. At Jacobina, inferred gold resources increased by 1.2 million ounces. The company aims to continue its successful exploration efforts in the upcoming year.
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) reported unaudited results for Q2 2024. Key highlights include:
- Record revenue of $686.3 million
- Net loss of $21.4 million ($0.06 basic loss per share)
- Adjusted earnings of $40.0 million ($0.11 per share)
- Record cash flow from operations before working capital changes of $203.3 million
- Free cash flow of $102.1 million
- Silver production of 4.57 million ounces
- Gold production of 220.4 thousand ounces
The company reaffirms its 2024 Operating Outlook but expects annual silver production to be towards the low end of its guidance range. Cash and short-term investments increased to $368.6 million. A cash dividend of $0.10 per common share was declared for Q2 2024.
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.
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.
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.
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.
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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