Pan Amern Silver Corp Stock Price, News & Analysis

Pan American Silver Corp. (NASDAQ: PAAS) reported estimated mineral reserves and resources as of June 30, 2022. The proven and probable mineral reserves contain approximately 514.9 million ounces of silver and 3.6 million ounces of gold. Over the past year, the company successfully replaced 11 million ounces of silver and 96.1 thousand ounces of gold reserves. Notably, La Colorada added 7.3 million ounces of silver reserves. The company also reported increases in both measured and indicated mineral resources by 20.7 million ounces of silver.

Pan American Silver Corp. (NASDAQ: PAAS) reported its Q2 2022 results, showing silver production at 4.5 million ounces and gold production at 128.3 thousand ounces. Revenue declined to $340.5 million, with a significant net loss of $173.6 million attributed to a $99.1 million impairment at the Dolores mine. Cash flow from operations was $20.8 million, and the company declared a cash dividend of $0.11 per share. The outlook for 2022 was updated, anticipating production at the low end of estimates due to challenges at Dolores and increasing costs. Working capital stood at $513.9 million.

Pan American Silver Corp. (NASDAQ: PAAS) announced promising results from 22 new drill holes at the La Colorada Skarn project, totaling 18,071 metres. Notably, drill hole D-96-03-22 yielded a remarkable intercept of 295.5 metres at 234 g/t Ag, including 97.0 metres at 654 g/t Ag. These results support the significant size and quality of mineralization, indicating potential extensions to the deposit. An updated mineral resource estimate is expected in Q3 2022, though the latest drill results will not be included.

Pan American Silver Corp. (NASDAQ: PAAS) has announced it will release its unaudited results for Q2 2022 after market close on August 10, 2022. The company plans a conference call and webcast on August 11, 2022, at 11:00 am ET. Interested participants can join via webcast or by dialing into the conference call. Pan American Silver operates silver and gold mines across several countries, including Mexico and Peru, boasting significant silver reserves and a strong operational reputation.

On May 11, 2022, Pan American Silver Corp. (NASDAQ: PAAS) held its annual general meeting, where 131,361,761 common shares (62.41% of outstanding shares) were represented. All resolutions were approved, including the appointment of Deloitte LLP as auditors and the executive compensation approach ('say-on-pay'), with notable director votes showing significant shareholder support. For instance, Michael Carroll received 99.15% approval. This meeting reaffirms management's strong backing from shareholders, which is critical for future strategic initiatives.

Pan American Silver Corp. (NASDAQ: PAAS) released its Q1 2022 unaudited results, reporting a revenue of $439.9 million and net earnings of $76.8 million ($0.36 per share). Silver production reached 4.6 million ounces, while gold production was 131,000 ounces. The company declared a dividend of $0.12 per share. Operational challenges due to COVID-19 early in the year have normalized, and production is expected to be stronger in the second half of 2022. Despite higher inflationary pressures noted, management maintains its guidance for production and costs.

On May 9, 2022, Pan American Silver Corp. (NASDAQ: PAAS) published results of 43 new drill holes totaling 38,460 metres at the La Colorada skarn deposit. Significant findings include hole U-04-22 with 233.70 metres at 44 g/t Ag, and hole U-08-22 with 174.95 metres at 40 g/t Ag. The increased drilling activity has enhanced confidence in the central skarn resource and defined extensions to the deposit. Over 100,000 metres have been drilled since the last resource estimate, with plans for an updated estimate in Q3 2022.