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Pan American Silver Corp. - PAAS STOCK NEWS

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.

Pan American Silver Corp. (PAAS) is a leading mining company dedicated to the exploration, development, and operation of silver and gold-producing properties. Founded with the mission to offer investors a prime opportunity to benefit from rising silver prices, the company has established itself as a prominent player in the global mining industry.

Pan American Silver operates a portfolio of seven silver mines located in Argentina, Peru, Mexico, and Bolivia. These include the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines. In addition to silver and gold, the company also produces and markets zinc, lead, and copper, diversifying its revenue streams and enhancing its market position.

The company is known for its commitment to sustainability and excellence in mining. It continuously seeks to increase low-cost silver production through high-quality assets and maintains a robust mine-site exploration program to replace mined silver reserves and resources. Pan American Silver also actively engages in greenfield exploration and business development initiatives to add new reserves and resources.

With an industry-leading team of professionals possessing extensive experience in operations, construction, and exploration, Pan American Silver leverages its expertise to generate strong cash flows and sustainable profits. The company aims to provide significant leverage to higher silver prices, making it a valuable investment for those seeking exposure to the precious metals market.

Recent achievements include advancements in exploration projects and successful operational efficiencies across its mines. Pan American Silver continues to focus on growth and profitability, positioning itself as a pre-eminent silver producer with a reputation for excellence in the industry.

Rhea-AI Summary
Pan American Silver Corp. will release its unaudited Q2 2023 results on August 9, 2023, followed by a conference call and webcast on August 10, 2023. The webcast, presentation slides, and report will be available at https://www.panamericansilver.com/invest/events-and-presentations/.
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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.

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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.

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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.

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FAQ

What is the current stock price of Pan American Silver (PAAS)?

The current stock price of Pan American Silver (PAAS) is $21.41 as of November 15, 2024.

What is the market cap of Pan American Silver (PAAS)?

The market cap of Pan American Silver (PAAS) is approximately 8.1B.

What is Pan American Silver Corp's primary business?

Pan American Silver Corp primarily focuses on the exploration, development, and operation of silver and gold-producing properties.

Where are Pan American Silver Corp's mines located?

The company operates seven silver mines located in Argentina, Peru, Mexico, and Bolivia.

What other metals does Pan American Silver Corp produce?

Besides silver and gold, the company also produces and sells zinc, lead, and copper.

How does Pan American Silver Corp ensure the replacement of mined reserves?

The company has a successful mine-site exploration program and greenfield exploration initiatives to replace and add new silver reserves and resources.

What is Pan American Silver Corp's strategy for growth?

The company focuses on increasing low-cost silver production, efficient operations, and exploring new growth opportunities through its business development initiatives.

How does Pan American Silver Corp contribute to sustainability in mining?

Pan American Silver is committed to sustainable development practices, ensuring environmental stewardship and community engagement in its operations.

Who leads Pan American Silver Corp?

The company boasts an industry-leading team of experienced professionals in mining operations, construction, and exploration.

What is the vision of Pan American Silver Corp?

Pan American Silver aims to be the world’s leading silver producer, recognized for excellence in discovery, engineering, and sustainable development.

What recent achievements has Pan American Silver Corp made?

The company has made significant advancements in exploration projects and operational efficiencies, contributing to its growth and profitability.

Why should investors consider Pan American Silver Corp?

Investors should consider the company for its strong cash flows, sustainable profits, and significant leverage to higher silver prices.

Pan American Silver Corp.

NYSE:PAAS

PAAS Rankings

PAAS Stock Data

8.12B
363.01M
0.07%
61.21%
2.26%
Gold
Basic Materials
Link
United States of America
Vancouver