Pan Amern Silver Corp Stock Price, News & Analysis

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.

Pan American Silver Corp. (NASDAQ: PAAS) reported its Q1 2021 results, revealing a revenue of $368.1 million amid challenges posed by COVID-19. The company faced a net loss of $7.6 million, influenced by a $39.0 million investment loss. Production was impacted by inventory build-ups at La Colorada and Dolores due to operational constraints. The company has adjusted its 2021 guidance for silver production to between 20.50 and 22.00 million ounces. A cash dividend of $0.07 per share will be paid on June 7, 2021. Ventilation issues at La Colorada are expected to improve later this year.

On April 16, 2021, Pan American Silver Corp. (NASDAQ: PAAS) announced it will release its unaudited Q1 2021 results on May 12, 2021, after market closure. The company will also hold its Annual General and Special Meeting of shareholders on the same day at 6:00 pm ET. Due to COVID-19 restrictions, shareholders are encouraged to vote by proxy instead of attending in person. A conference call to discuss the results is scheduled for May 13, 2021, at 11:00 am ET.