Pan American Silver Corp. reports news on silver and gold mining operations, exploration and development across the Americas. Company updates commonly cover mine operating results, silver and gold production, costs, cash flow, and capital allocation through dividends and common share repurchases under its normal course issuer bid.
Recurring announcements also address the La Colorada mine in Zacatecas, Mexico, including skarn project studies, high-grade vein drilling, mineral resource work and technical reports. Governance news includes annual meeting materials, director elections, auditor appointments and say-on-pay results.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Pan American Silver Corp. (NYSE: PAAS) announced that its subsidiary, Yamana Gold Inc., is initiating consent solicitations to amend the indenture related to its 4.625% Notes due 2027 and 2.630% Senior Notes due 2031. This process follows the court-approved acquisition of Yamana by Pan American, resulting in Yamana’s shares being delisted from major stock exchanges. The proposed amendments would allow Pan American to provide financial reporting in lieu of Yamana's obligations under the indenture. The consent solicitations will expire on May 4, 2023, and eligible noteholders can receive a cash payment of $1.50 per $1,000 principal amount for providing valid consents before the expiration time.
Pan American Silver Corp. (NYSE: PAAS) announced its 2023 production and cost guidance following the completion of its acquisition of Yamana Gold on March 31, 2023. This integration strengthens its operations with four new producing mines and several exploration projects in Chile, Brazil, and Argentina. The company anticipates significant increases in silver and gold production while lowering consolidated operating costs, projecting annual synergies of $40 to $60 million. However, Pan American will reclassify some capital expenses, leading to higher all-in sustaining costs (AISC). The expected silver production is between 15.4 to 16.4 million ounces and gold production is 82 to 90 thousand ounces for 2023.
Pan American Silver Corp. (NYSE: PAAS) is set to release its unaudited results for Q1 2023 after market close on May 10, 2023. The company will conduct its Annual General and Special Meeting of shareholders at 6:00 PM ET on the same day, located at 1200 Waterfront Centre, Vancouver, British Columbia. A conference call to discuss the results will take place on May 11, 2023, at 11:00 AM ET. Interested parties can join via dial-in numbers provided for both toll-free and international access, or through a webcast with presentation slides available for three months thereafter. For further details regarding the Shareholders Meeting and conference call, visit the company’s investor relations webpage.
Pan American Silver Corp. (NASDAQ: PAAS) will transfer its listing from the NASDAQ to the New York Stock Exchange (NYSE), starting April 18, 2023, under the same ticker symbol 'PAAS'. The shares will continue to trade on NASDAQ until market close on April 17, 2023. This move follows Pan American's significant transaction with Yamana Gold Inc., enhancing its silver and gold operations in Latin America. CEO Michael Steinmann expressed that the NYSE listing will provide a robust platform for capital market visibility. The company operates mines in several countries, including Canada, Mexico, and Peru, and holds a strong reputation for sustainability and financial management.