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 Corp. (NASDAQ: PAAS) announced that on December 15, 2021, the Province of Chubut in Argentina approved a bill to amend the provincial mining law, potentially allowing open pit mining in designated areas including the Navidad silver project. The proposed bill requires executive approval to become law. Pan American Silver, which fully owns Navidad, is committed to sustainable practices and is evaluating the project's development, including community engagement and permitting timelines.
Pan American Silver Corp. (NASDAQ: PAAS) announced results from its La Colorada Skarn deposit drilling program, revealing high-grade intercepts and significant potential for resource expansion. The company completed 36,000 meters of infill and 14,000 meters of exploration drilling in 2021, with an additional 18,000 meters planned. Infrastructure projects are underway, including a ventilation shaft and ramp access. Notably, drillhole S-03-A-21 returned 264.1 meters of 60 g/t Ag, and U-67-21 showed 114.6 meters of 133 g/t Ag. However, the preliminary economic assessment will be delayed to focus on further studies.
Pan American Silver Corp. reported record quarterly revenue of $460.3 million for Q3 2021, driven by improved silver production of 4.8 million ounces and gold production of 142.6 thousand ounces. Operating cash flow reached $157.0 million. Challenges remain due to labor shortages and COVID-19 related costs, although productivity is expected to improve. Net income was $20.2 million, impacted by a non-cash loss and high tax expenses. The company revised its full-year production guidance to 19.0-20.0 million ounces of silver and 560.0-588.0 thousand ounces of gold.
Pan American Silver Corp. (NASDAQ: PAAS) will release its third quarter 2021 unaudited results on November 9, 2021, after market close. A conference call and webcast to discuss these results will be held on November 10, 2021, at 10:00 am ET (7:00 am PT). Investors can join via toll-free dial-in numbers provided in the release or access the live webcast and presentation slides on panamericansilver.com. An archive of the webcast will remain available for three months.
Pan American Silver Corp. (NASDAQ: PAAS) reported its mineral reserves and resources as of June 30, 2021, boasting approximately 529 million ounces of silver and 4.2 million ounces of gold in proven and probable reserves. Measured and indicated resources total around 818 million ounces of silver and 8.3 million ounces of gold. Key projects like La Arena and Timmins saw significant reserve replacements, extending mine life by more than a year. However, the La Bolsa project was reclassified, reducing reserves by 315 thousand ounces of gold and 4.5 million ounces of silver. Overall exploration activities were cut by 50% due to COVID-19 restrictions.
Pan American Silver Corp. (PAAS) reported strong Q2 2021 results with revenue of $382.1 million and net income of $71.2 million, reflecting increased mine operating earnings of $103 million. Cash and short-term investments rose by $34 million, prompting a quarterly dividend increase from $0.07 to $0.10 per share, payable on September 3, 2021. Silver production reached 4.5 million ounces, while gold production was 142.3 thousand ounces. The company maintains its 2021 production forecast for silver (20.5 to 22.0 million ounces) and gold (605.0 to 655.1 thousand ounces).
Pan American Silver Corp. (NASDAQ: PAAS) will release its unaudited Q2 2021 results after market close on August 10, 2021. A conference call and webcast to discuss these results is scheduled for August 11, 2021, at 11:00 am ET (8:00 am PT). Dial-in numbers include 1-800-319-4610 for Canada and U.S. participants. Pan American is a prominent silver producer with operations in Latin America, and is known for its commitment to corporate social responsibility and operational excellence. More details will be available on their official website.
On May 12, 2021, Pan American Silver (NASDAQ: PAAS) held its annual general and special meeting, where 64.86% of shares were represented. Shareholders approved all resolutions, including the appointment of Deloitte LLP as auditors and an advisory resolution on executive compensation, which received 96.27% support. The election of directors was also successful, with Michael Carroll receiving 99.20% of votes in favor. Gillian Winckler was named Chair, succeeding Ross Beaty.
Pan American Silver Corp. (NASDAQ: PAAS) reported progress on its La Colorada skarn project, detailing results from 28 additional drill holes. The drilling has confirmed extensive high-grade zones with intercepts up to 277 meters. The company plans to complete a preliminary economic assessment (PEA) by the end of 2021, supported by ongoing geological modeling and metallurgical tests showing favorable flotation results. Recent drilling totals 22,567 meters, emphasizing infill drilling to enhance resource definition.
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