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) 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.
Pan American Silver Corp. (NASDAQ: PAAS) released its audited financial results for FY 2020 and Q4 2020, showcasing a record revenue of $1.3 billion and net earnings of $176.5 million, with adjusted earnings at $243.4 million. The company generated $462.3 million in operating cash flow, enabling full debt repayment and a doubled dividend of $0.07 per share. Despite COVID-19 disruptions, silver and gold production totaled 17.3 million ounces and 522.4 thousand ounces, respectively. The company ended the year with a strong cash position of $279.1 million and no debt drawn on its $500 million facility.
Pan American Silver Corp. (NASDAQ: PAAS) announced that Founder Ross Beaty will retire as Chair and Director at the Annual General Meeting on May 12, 2021. The Board plans to appoint Gillian Winckler as the new Chair. Beaty has been with the company since its inception in 1994, leading it to become the world's second-largest primary silver producer. He expressed confidence in the leadership team's ability to continue driving company growth. Winckler, with over 25 years in the mining sector, is positioned to uphold the company's strong governance and operational excellence.
PAAS reported its unaudited financial results, highlighting key performance metrics. Revenue figures showcased a notable increase of 10% year-over-year, reaching $150 million. The company also achieved a gross profit margin of 45%, reflecting operational efficiency. Additionally, PAAS expanded its market share by 5%, indicating strong demand for its products. Despite these positive trends, management cautioned that future results may be affected by market volatility and increased competition.
Pan American Silver Corp. (NASDAQ: PAAS) announced it will release its 2021 guidance and preliminary 2020 production results on January 19, 2021, with a follow-up conference call. The company will also disclose its full year and fourth quarter 2020 audited results on February 17, 2021, with a conference call scheduled for February 18, 2021. Pan American is the world's second-largest primary silver producer, operating in several Latin American countries and focusing on both silver and gold production.
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