Welcome to our dedicated page for Pan American Silver news (Ticker: $PAAS), a resource for investors and traders seeking the latest updates and insights on Pan American Silver stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pan American Silver's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pan American Silver's position in the market.
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.
Pan American Silver Corp. (NYSE: PAAS) has agreed to sell its 100% interest in La Arena S.A. for US$245 million cash upfront and a US$50 million contingent payment to Zijin Mining Group Co., The sale includes the La Arena gold mine and the La Arena II project in Peru, with Pan American retaining a 1.5% gold net smelter return royalty for La Arena II. The transaction aims to optimize the company's portfolio, strengthen its financial position, and focus on capital allocation priorities.