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.
Pan American Silver Corp. (NASDAQ: PAAS) announced promising results from 22 new drill holes at the La Colorada Skarn project, totaling 18,071 metres. Notably, drill hole D-96-03-22 yielded a remarkable intercept of 295.5 metres at 234 g/t Ag, including 97.0 metres at 654 g/t Ag. These results support the significant size and quality of mineralization, indicating potential extensions to the deposit. An updated mineral resource estimate is expected in Q3 2022, though the latest drill results will not be included.
Pan American Silver Corp. (NASDAQ: PAAS) has announced it will release its unaudited results for Q2 2022 after market close on August 10, 2022. The company plans a conference call and webcast on August 11, 2022, at 11:00 am ET. Interested participants can join via webcast or by dialing into the conference call. Pan American Silver operates silver and gold mines across several countries, including Mexico and Peru, boasting significant silver reserves and a strong operational reputation.
On May 11, 2022, Pan American Silver Corp. (NASDAQ: PAAS) held its annual general meeting, where 131,361,761 common shares (62.41% of outstanding shares) were represented. All resolutions were approved, including the appointment of Deloitte LLP as auditors and the executive compensation approach ('say-on-pay'), with notable director votes showing significant shareholder support. For instance, Michael Carroll received 99.15% approval. This meeting reaffirms management's strong backing from shareholders, which is critical for future strategic initiatives.
Pan American Silver Corp. (NASDAQ: PAAS) released its Q1 2022 unaudited results, reporting a revenue of $439.9 million and net earnings of $76.8 million ($0.36 per share). Silver production reached 4.6 million ounces, while gold production was 131,000 ounces. The company declared a dividend of $0.12 per share. Operational challenges due to COVID-19 early in the year have normalized, and production is expected to be stronger in the second half of 2022. Despite higher inflationary pressures noted, management maintains its guidance for production and costs.
On May 9, 2022, Pan American Silver Corp. (NASDAQ: PAAS) published results of 43 new drill holes totaling 38,460 metres at the La Colorada skarn deposit. Significant findings include hole U-04-22 with 233.70 metres at 44 g/t Ag, and hole U-08-22 with 174.95 metres at 40 g/t Ag. The increased drilling activity has enhanced confidence in the central skarn resource and defined extensions to the deposit. Over 100,000 metres have been drilled since the last resource estimate, with plans for an updated estimate in Q3 2022.
Pan American Silver Corp. (NASDAQ: PAAS) will announce its unaudited Q1 2022 results on May 11, 2022, after market close. A conference call and webcast will follow on May 12, 2022, at 11:00 am ET. Additionally, the company will hold its Annual General and Special Meeting of Shareholders on May 11, 2022, at 6:00 pm ET, accessible remotely due to COVID-19. Material related to the meeting is available on their website. Pan American operates mines across several countries, including Mexico and Peru, and focuses on enhancing silver production.
Pan American Silver Corp. (NASDAQ: PAAS) announced positive results from 20 new infill and exploration drill holes at La Colorada, confirming high-grade mineralization in multiple areas. Highlights include drill hole S-73-21 with 78.55 meters at 76 g/t Ag and U-83-21 with 322.85 meters at 64 g/t Ag. The company plans to drill 55,000 meters in 2022 at a cost of $18 to $20 million to further explore the skarn and adjacent veins. In total, over 72,000 meters were drilled in 2021, enhancing the confidence in the inferred resource.
Pan American Silver Corp. (NASDAQ: PAAS) announced a 20% dividend increase to $0.12 per common share as part of its new dividend policy, which includes a base dividend and a variable component. This approach ties the variable dividend to the net cash on the balance sheet. The dividend is payable on or about March 21, 2022, to shareholders on record as of March 7, 2022. The company's net cash position as of December 31, 2021, was $237.7 million. The policy supports financial stability while investing in growth projects like the La Colorada Skarn.
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