PAAS Stock Recent News

Pan American Silver (PAAS) witnesses a decline in Q1 earnings despite higher revenues mainly attributed to elevated production costs.

Pan American Silver Corp. (NYSE:PAAS ) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Siren Fisekci - VP of IR Michael Steinmann - President and CEO Steve Busby - COO Sean McAleer - SVP and MD, Guatemala Conference Call Participants Ovais Habib - Scotiabank Don DeMarco - National Bank Financial Cosmos Chiu - CIBC Operator Good morning, ladies and gentlemen, and welcome to the Pan American Silver's First Quarter 2024 Unaudited Results Conference Call and Webcast. At this time, all lines in a listen-only mode.

Although the revenue and EPS for Pan American Silver (PAAS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Pan American Silver (PAAS) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to earnings of $0.10 per share a year ago.

Kitco News - Pan American Silver (NYSE: PAAS) announced today it will sell its 100% interest in La Arena S.A. , which owns the La Arena gold mine as well as the La Arena II project in Peru, to Zijin Mining Group for $245 million cash upfront and a $50 million contingent payment.

Pan American Silver (PAAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

In the most recent trading session, Pan American Silver (PAAS) closed at $18.62, indicating no shift from the previous trading day.

Demand for silver has outpaced supply in recent years, driving up the price per ounce. Pan American Silver, one of the world's biggest silver producers, has seen its stock value increase by 36.31% in one month. The upcoming Q1 results may provide insight into PAAS's future performance, but the overall outlook for silver remains positive.

Pan American Silver (PAAS) concluded the recent trading session at $18.80, signifying a -1.52% move from its prior day's close.

Gold has been making all-time highs, reaching an all-time high of $2,430 per ounce on Apr. 12, 2024. The latest surge stems from tensions in the Middle East (as warnings of an imminent attack on Israel by Iran make headlines), the growing U.S. debt, and recent economic reports showing an uptick in inflation.