Pan American Silver Reports Unaudited Second Quarter 2024 Results
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) reported unaudited results for Q2 2024. Key highlights include:
- Record revenue of $686.3 million
- Net loss of $21.4 million ($0.06 basic loss per share)
- Adjusted earnings of $40.0 million ($0.11 per share)
- Record cash flow from operations before working capital changes of $203.3 million
- Free cash flow of $102.1 million
- Silver production of 4.57 million ounces
- Gold production of 220.4 thousand ounces
The company reaffirms its 2024 Operating Outlook but expects annual silver production to be towards the low end of its guidance range. Cash and short-term investments increased to $368.6 million. A cash dividend of $0.10 per common share was declared for Q2 2024.
La Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ha riportato i risultati non auditati per il secondo trimestre del 2024. In evidenza:
- Ricavi record di $686,3 milioni
- Perdita netta di $21,4 milioni ($0,06 di perdita base per azione)
- Utile rettificato di $40,0 milioni ($0,11 per azione)
- Flusso di cassa record dalle operazioni prima delle variazioni del capitale circolante di $203,3 milioni
- Flusso di cassa libero di $102,1 milioni
- Produzione di argento di 4,57 milioni di once
- Produzione di oro di 220,4 mila once
La società riafferma le sue previsioni operative per il 2024, ma si aspetta che la produzione annuale di argento si attesti nella parte bassa del proprio intervallo di stime. Le disponibilità liquide e gli investimenti a breve termine sono aumentati a $368,6 milioni. È stato dichiarato un dividendo in contante di $0,10 per azione comune per il secondo trimestre del 2024.
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) reportó resultados no auditados para el segundo trimestre de 2024. Aspectos destacados incluyen:
- Ingresos récord de $686.3 millones
- Pérdida neta de $21.4 millones ($0.06 de pérdida básica por acción)
- Ganancias ajustadas de $40.0 millones ($0.11 por acción)
- Flujo de caja récord de operaciones antes de cambios en el capital de trabajo de $203.3 millones
- Flujo de caja libre de $102.1 millones
- Producción de plata de 4.57 millones de onzas
- Producción de oro de 220.4 mil onzas
La empresa reafirma su perspectiva operativa para 2024, pero espera que la producción anual de plata se sitúe en el extremo inferior de su rango de orientación. El efectivo y las inversiones a corto plazo aumentaron a $368.6 millones. Se declaró un dividendo en efectivo de $0.10 por acción común para el segundo trimestre de 2024.
팬 아메리칸 실버 코퍼레이션 (NYSE: PAAS) (TSX: PAAS)은 2024년 2분기에 대한 미감사의 결과를 발표했습니다. 주요 하이라이트는 다음과 같습니다:
- 기록적인 매출 6억 8,630만 달러
- 순손실 2,140만 달러 ($0.06의 기본 주당 손실)
- 조정 수익 4,000만 달러 ($0.11 주당)
- 운전자본 변동 전 운영으로부터의 기록적인 현금흐름 2억 3,330만 달러
- 자유현금흐름 1억 2,210만 달러
- 은 생산량 457만 온스
- 금 생산량 22만 4천 온스
회사는 2024 운영 전망을 재확인하지만 연간 은 생산량이 가이던스 범위의 하단쪽에 있을 것으로 예상합니다. 현금 및 단기 투자액은 3억 6,860만 달러로 증가했습니다. 2024년 2분기 동안 보통주당 0.10달러의 현금 배당금이 선언되었습니다.
La Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) a rapporté des résultats non audités pour le deuxième trimestre 2024. Les faits saillants comprennent :
- Revenus record de 686,3 millions USD
- Perte nette de 21,4 millions USD (0,06 USD de perte de base par action)
- Bénéfice ajusté de 40,0 millions USD (0,11 USD par action)
- Flux de trésorerie record des opérations avant les variations du fonds de roulement de 203,3 millions USD
- Flux de trésorerie libre de 102,1 millions USD
- Production d'argent de 4,57 millions d'onces
- Production d'or de 220,4 mille onces
L'entreprise réaffirme ses prévisions opérationnelles pour 2024, mais s'attend à ce que la production annuelle d'argent se situe dans le bas de sa fourchette de guidance. Les liquidités et les investissements à court terme ont augmenté à 368,6 millions USD. Un dividende en espèces de 0,10 USD par action ordinaire a été déclaré pour le deuxième trimestre 2024.
Die Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) hat nicht testierte Ergebnisse für das zweite Quartal 2024 veröffentlicht. Wichtige Höhepunkte sind:
- Rekordumsatz von 686,3 Millionen USD
- Nettverlust von 21,4 Millionen USD (0,06 USD Verlust pro Aktie)
- Bereinigter Gewinn von 40,0 Millionen USD (0,11 USD pro Aktie)
- Rekord-Cashflow aus dem operativen Geschäft vor Veränderungen des Working Capitals von 203,3 Millionen USD
- Freier Cashflow von 102,1 Millionen USD
- Silberproduktion von 4,57 Millionen Unzen
- Goldproduktion von 220,4 Tausend Unzen
Das Unternehmen bekräftigt seinen operativen Ausblick für 2024, erwartet jedoch, dass die jährliche Silberproduktion am unteren Ende seiner Prognosespanne liegen wird. Die liquiden Mittel und kurzfristigen Investments stiegen auf 368,6 Millionen USD. Eine Bardividende von 0,10 USD pro Stammaktie wurde für das zweite Quartal 2024 erklärt.
- Record revenue of $686.3 million in Q2 2024
- Record cash flow from operations before working capital changes of $203.3 million
- Free cash flow of $102.1 million
- Cash and short-term investments increased by $37.2 million to $368.6 million
- Company reaffirms 2024 Operating Outlook for production, Cash Costs, AISC, and capital expenditures
- Net loss of $21.4 million ($0.06 basic loss per share)
- Silver production of 4.57 million ounces impacted by ventilation constraints and weather-related disruptions
- Gold production of 220.4 thousand ounces affected by weather-related disruptions
- Annual silver production expected to be towards the low end of guidance range
- $93.1 million income tax expense, including $42.4 million impact from foreign currency exchange rates devaluation
Insights
Pan American Silver's Q2 2024 results show a mixed financial performance. The company reported
The company's cash flow generation was strong, with a record
While silver production was lower than expected at 4.57 million ounces, the company anticipates increased production in H2 2024. The cost performance was better than expected, with both silver and gold segments reporting Cash Costs and AISC below guidance ranges. This cost control is important in maintaining profitability amid production challenges.
The completion of the new ventilation infrastructure at La Colorada is a significant operational milestone. This should address the ventilation constraints that have been impacting silver production and allow for increased mining rates, particularly from the higher-grade Candelaria zone. The expected ramp-up to 2,000 tonnes per day by year-end could substantially boost silver output in H2 2024.
The company's ability to maintain its 2024 Operating Outlook despite first-half challenges demonstrates operational resilience. However, the expectation of silver production towards the low end of the guidance range suggests ongoing challenges. The back-end loaded production profile for both silver and gold indicates potential for a strong Q4 2024, but also carries execution risks.
Progress on the Escobal project in Guatemala appears slow, with the consultation process still ongoing. The pending appointment of a key government official to oversee this process could be a bottleneck. Investors should monitor this situation closely, as Escobal represents a significant potential growth driver for Pan American Silver.
Pan American Silver benefited from strong metal prices in Q2 2024. The average realized silver price of
The company's diverse metal portfolio, including zinc, lead and copper, provides some hedge against price volatility in precious metals. The increased production of zinc and lead is particularly noteworthy, as these base metals can contribute significantly to overall revenue and profitability.
Looking ahead, Pan American's financial performance will remain sensitive to metal price fluctuations. The company's cost control measures and operational improvements will be important in maintaining margins if metal prices soften. Investors should closely monitor global economic trends and monetary policies that could impact precious metal prices in the coming quarters.
All amounts expressed in
"Operations generated record cash flow before working capital changes of
The following highlights for Q2 2024 include certain measures that are not generally accepted accounting principles ("non-GAAP") financial measures. Please refer to the section titled “Alternative Performance (Non-GAAP) Measures” at the end of this news release for further information on these measures.
Consolidated Q2 2024 Results:
-
Silver production of 4.57 million ounces was largely impacted by ventilation constraints at
La Colorada and weather-related disruptions atDolores and Cerro Moro. The Company expects an increase in silver production in the second half of 2024 ("H2 2024") following commissioning of the new ventilation infrastructure atLa Colorada and other factors. -
Gold production of 220.4 thousand ounces was impacted mostly by weather-related disruptions at
Dolores and Minera Florida. The Company expects increased production in H2 2024 from a back-end loaded production profile. -
Record revenue of
.$686.3 million -
Net loss of
($21.4 million basic loss per share) includes a$0.06 income tax expense, driven by a$93.1 million impact from the effect of the devaluation of foreign currency exchange rates on deductible tax attributes and$42.4 million of tax expense caused by inflation adjustments to taxable income in$10.8 million Argentina , as well as a cost-increasing net realizable value ("NRV") inventory expense.$26.7 million -
Adjusted earnings of
, or$40.0 million adjusted earnings per share, which includes the$0.11 , or$10.8 million per share, of tax expense related to the above noted inflation adjustments in$0.03 Argentina . -
Record cash flow from operations before working capital changes of
, net of$203.3 million in cash taxes paid.$31.3 million -
Free cash flow of
.$102.1 million -
Silver Segment Cash Costs and All-in Sustaining Costs ("AISC"), excluding NRV inventory adjustments, per silver ounce of
and$14.49 , respectively.$18.12 -
Gold Segment Cash Costs and AISC, excluding NRV inventory adjustments, per gold ounce of
and$1,186 , respectively.$1,465 - The Company reaffirms its 2024 Operating Outlook for production, Cash Costs and AISC, and capital expenditures, but expects annual silver production to be towards the low end of its annual guidance range.
-
Cash and short-term investments increased by
to$37.2 million . As at June 30, 2024, the Company had working capital of$368.6 million , inclusive of cash and investments, and$692.0 million available under its revolving Sustainability-Linked Credit Facility ("SL-Credit Facility"). Total debt of$750.0 million is primarily related to two senior notes, in addition to lease liabilities, construction and other loans payable.$809.5 million -
A cash dividend of
per common share with respect to Q2 2024 was declared on August 7, 2024, payable on or about August 30, 2024, to holders of record of Pan American’s common shares as of the close of markets on August 19, 2024. In Q2 2024, the Company paid cash dividends totaling$0.10 . The dividends are eligible dividends for Canadian income tax purposes.$36.3 million - On May 23, 2024, Pan American released its 14th annual Sustainability Report detailing the Company's approach and performance in the areas of environment, social responsibility and governance.
Q2 2024 Project Updates:
-
At
La Colorada , Pan American invested on project capital in Q2 2024, largely for exploration and engineering on the Skarn project, and to complete the new ventilation infrastructure for the operating mine. In July, the two exhaust fans were installed on the surface of the Guadalupe ventilation shaft. The new infrastructure was completed within the targeted timeframe of mid-2024, and ventilation conditions in the mine have been improving. Mining rates are now increasing from the higher-grade Candelaria zone of the mine. The Company expects throughput rates to increase over H2 2024, rising to approximately 2,000 tonnes per day by year-end.$9.8 million -
At Escobal, we continued our meetings with the
Guatemala government institutions during Q2 2024 and into the third quarter of 2024, to advance the ILO 169 consultation process for Escobal. These institutions include the Ministries of: Economy, Finance, Environment, and Energy and Mines. During this period, compliance visits by the Ministry of Energy and Mines and Ministry of Environment under the care and maintenance program for Escobal also occurred. The appointment of the Vice Minister of Sustainable Development to assume responsibility of overseeing the consultation process remains pending.
CONSOLIDATED RESULTS
|
Three months
|
Twelve months
|
||||
Weighted average shares during period |
|
362,954 |
|
|
326,540 |
|
Shares outstanding end of period |
|
362,970 |
|
|
364,660 |
|
|
|
|
||||
|
Three months ended
|
|||||
|
|
2024 |
|
|
2023(1) |
|
FINANCIAL |
|
|
||||
Revenue |
$ |
686.3 |
|
$ |
639.9 |
|
Cost of Sales(2) |
$ |
569.4 |
|
$ |
551.9 |
|
Mine operating earnings |
$ |
116.9 |
|
$ |
88.0 |
|
Net loss |
$ |
(21.4 |
) |
$ |
(33.0 |
) |
Basic loss per share(3) |
$ |
(0.06 |
) |
$ |
(0.09 |
) |
Adjusted earnings(4) |
$ |
40.0 |
|
$ |
29.1 |
|
Basic adjusted earnings per share(3)(4) |
$ |
0.11 |
|
$ |
0.08 |
|
Net cash generated from operating activities |
$ |
162.7 |
|
$ |
117.0 |
|
Net cash generated from operating activities before changes in working capital(4) |
$ |
203.3 |
|
$ |
106.8 |
|
Sustaining capital expenditures(4) |
$ |
60.6 |
|
$ |
86.7 |
|
Non-sustaining capital expenditures(4)(5) |
$ |
29.7 |
|
$ |
39.3 |
|
Cash dividend paid per share(3) |
$ |
0.10 |
|
$ |
0.10 |
|
PRODUCTION |
|
|
||||
Silver (thousand ounces) |
|
4,567 |
|
|
6,024 |
|
Gold (thousand ounces) |
|
220.4 |
|
|
248.2 |
|
Zinc (thousand tonnes) |
|
10.1 |
|
|
9.3 |
|
Lead (thousand tonnes) |
|
4.9 |
|
|
4.4 |
|
Copper (thousand tonnes) |
|
1.2 |
|
|
1.3 |
|
CASH COSTS(4) ($/ounce) |
|
|
||||
Silver Segment |
|
14.49 |
|
|
9.29 |
|
Gold Segment |
|
1,186 |
|
|
1,045 |
|
AISC(4) ($/ounce) |
|
|
||||
Silver Segment |
|
19.07 |
|
|
15.70 |
|
Gold Segment |
|
1,584 |
|
|
1,342 |
|
AVERAGE REALIZED PRICES(6) |
|
|
||||
Silver ($/ounce) |
|
28.14 |
|
|
23.45 |
|
Gold ($/ounce) |
|
2,336 |
|
|
1,975 |
|
Zinc ($/tonne) |
|
2,901 |
|
|
2,515 |
|
Lead ($/tonne) |
|
2,171 |
|
|
2,123 |
|
Copper ($/tonne) |
|
10,515 |
|
|
8,550 |
|
(1) |
Amounts differ from those originally reported in the respective quarter due to the finalization of the purchase price allocation, which was retrospectively applied. Please refer to Note 2 of the Unaudited Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2024 for further details. |
|
(2) |
Cost of Sales includes production costs, depreciation and amortization and royalties. |
|
(3) |
Per share amounts are based on basic weighted average common shares. |
|
(4) |
Non-GAAP measure; please refer to the "Alternative Performance (non-GAAP) Measures" section of this news release for further information on these measures. |
|
(5) |
Non-sustaining capital expenditures primarily relate to project capital that is expected to increase future production. |
|
(6) |
Metal prices stated are inclusive of final settlement adjustments on concentrate sales. |
Q2 2024 OPERATING PERFORMANCE
|
Silver Production
|
Gold Production
|
Cash Costs
|
AISC
|
Silver Segment |
|
|
|
|
|
835 |
0.5 |
26.62 |
36.05 |
Cerro Moro ( |
570 |
17.1 |
13.15 |
20.10 |
Huaron ( |
829 |
-- |
4.65 |
7.35 |
|
774 |
-- |
15.30 |
17.09 |
Total Silver Segment(3) |
3,009 |
17.6 |
14.49 |
19.07 |
Gold Segment |
|
|
|
|
Jacobina ( |
1 |
46.9 |
1,045 |
1,276 |
El Peñon ( |
850 |
36.0 |
923 |
1,233 |
|
3 |
30.7 |
1,746 |
1,999 |
Shahuindo ( |
67 |
31.0 |
985 |
1,435 |
|
8 |
21.0 |
1,362 |
1,645 |
Minera Florida ( |
189 |
18.9 |
1,351 |
1,658 |
|
440 |
18.1 |
1,113 |
2,496 |
Total Gold Segment(3) |
1,558 |
202.8 |
1,186 |
1,584 |
Total Consolidated(3) |
4,567 |
220.4 |
|
|
(1) |
Non-GAAP measure; please refer to the "Alternative Performance (non-GAAP) Measures" section of this news release for further information on these measures. |
|
(2) |
|
|
(3) |
Totals may not add due to rounding. |
2024 OPERATING OUTLOOK
Please see Pan American's Management's & Discussion Analysis dated February 21, 2024, for further detail on the Company's 2024 Operating Outlook. Please see the Cautionary Note for additional information.
The Company reaffirms its 2024 Operating Outlook for annual production, Cash Costs and AISC, and capital expenditures. Management now expects 2024 silver and gold production to be more heavily weighted to the fourth quarter of 2024 than originally indicated in its 2024 Quarterly Operating Outlook, and annual silver production to be towards the low end of the annual guidance range.
|
2024 Annual Guidance |
Silver Production (million ounces) |
21.00 - 23.00 |
Gold Production (thousand ounces) |
880 - 1,000 |
Silver Segment Cash Costs(1) ($ per ounce) |
11.70 - 14.10 |
Silver Segment AISC(1) ($ per ounce) |
16.00 - 18.50 |
Gold Segment Cash Costs(1) ($ per ounce) |
1,165 - 1,260 |
Gold Segment AISC (1) ($ per ounce) |
1,475 - 1,575 |
Sustaining Capital Expenditures ($ millions) |
295.0 - 310.0 |
Project Capital Expenditures ($ millions) |
80.0 - 85.0 |
(1) |
Cash Costs and AISC are non-GAAP measures. Please refer to the “Alternative Performance (Non-GAAP) Measures” section of this news release for further information on these measures. The Cash Cost and AISC forecasts assume average metal prices of |
Cash Costs, AISC, adjusted earnings, basic adjusted earnings per share, sustaining and non-sustaining capital, free cash flow, working capital, total debt and net cash are non-GAAP financial measures. Please refer to the "Alternative Performance (non-GAAP) Measures" section of this news release for further information on these measures.
This news release should be read in conjunction with Pan American's Unaudited Condensed Interim Consolidated Financial Statements and our MD&A for the three and six months ended June 30, 2024. This material is available on Pan American’s website at https://panamericansilver.com/invest/financial-reports-and-filings/, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
CONFERENCE CALL AND WEBCAST
Date: |
August 8, 2024 |
Time: |
11:00 am ET (8:00 am PT) |
Dial-in numbers: |
1-888-259-6580 (toll-free in |
|
(+1) 416-764-8624 (international participants) |
Conference ID: |
79828819 |
Webcast: |
The live webcast, presentation slides and the report for Q2 2024 will be available at https://www.panamericansilver.com/invest/events-and-presentations/. An archive of the webcast will also be available for three months.
About Pan American
Pan American Silver is a leading producer of silver and gold in the
Learn more at panamericansilver.com
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Alternative Performance (Non-GAAP) Measures
In this news release, we refer to measures that are non-GAAP financial measures. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning as prescribed by IFRS as an indicator of performance, and may differ from methods used by other companies with similar descriptions. These non-GAAP financial measures include:
- Cash Costs. Pan American's method of calculating cash costs may differ from the methods used by other entities and, accordingly, Pan American's Cash Costs may not be comparable to similarly titled measures used by other entities. Investors are cautioned that Cash Costs should not be construed as an alternative to production costs, depreciation and amortization, and royalties determined in accordance with IFRS as an indicator of performance.
- Adjusted earnings and basic adjusted earnings per share. Pan American believes that these measures better reflect normalized earnings as they eliminate items that in management's judgment are subject to volatility as a result of factors, which are unrelated to operations in the period, and/or relate to items that will settle in future periods.
- All-in Sustaining Costs per silver or gold ounce sold, net of by-product credits ("AISC"). Pan American has adopted AISC as a measure of its consolidated operating performance and its ability to generate cash from all operations collectively, and Pan American believes it is a more comprehensive measure of the cost of operating our consolidated business than traditional cash costs per payable ounce, as it includes the cost of replacing ounces through exploration, the cost of ongoing capital investments (sustaining capital), general and administrative expenses, as well as other items that affect Pan American's consolidated earnings and cash flow.
- Total debt is calculated as the total current and non-current portions of: debt, including senior notes and amounts drawn on the SL-Credit Facility, and lease obligations. Total debt does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate the financial debt leverage of Pan American.
- Working capital is calculated as current assets less current liabilities. Working capital does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate whether Pan American is able to meet its current obligations using its current assets.
- Total available liquidity is calculated as the sum of cash and cash equivalents, Short-term Investments, and the amount available on the SL-Credit Facility. Total available liquidity does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate the liquid assets available to Pan American.
- Free cash flow is calculated as net cash generated from operating activities less sustaining capital expenditures. Free cash flow does not have any standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Pan American and certain investors use this information to evaluate the profitability of Pan American and identify capital that may be available for investment or return to shareholders.
Readers should refer to the "Alternative Performance (non-GAAP) Measures" section of Pan American’s Q2 2024 MD&A for a more detailed discussion of these and other non-GAAP measures and their calculation.
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: future financial or operational performance, including our estimated production of silver, gold and other metals forecasted for 2024, our estimated Cash Costs and AISC, and our sustaining and project capital expenditures in 2024; the expectation that full year 2024 production will be second half weighted; expectations with respect to mineral grades and the impact of any variations relative to actual grades experienced; the anticipated dividend payment date of August 30, 2024; the ability of Pan American to successfully complete any capital projects including at
These forward-looking statements and information reflect Pan American’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Pan American, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the impact of inflation and disruptions to the global, regional and local supply chains; tonnage of ore to be mined and processed; future anticipated prices for gold, silver and other metals and assumed foreign exchange rates; the timing and impact of planned capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; the ability to satisfy the closing conditions and receive regulatory approval to complete the sale of
Pan American cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Pan American has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the duration and effect of local and world-wide inflationary pressures and the potential for economic recessions; fluctuations in silver, gold and base metal prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the PEN, MXN, ARS, BOB, GTQ, CAD, CLP and BRL versus the USD); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom Pan American does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management's current views of our near- and longer-term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation, to update or revise forward-looking statements or information to reflect changes in assumptions or in circumstances or any other events affecting such statements or information, other than as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240806851881/en/
For more information:
Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: ir@panamericansilver.com
Source: Pan American Silver
FAQ
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