PAAS Stock Recent News

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.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") will announce its unaudited results for the first quarter of 2024 after market close on Wednesday, May 8, 2024. Pan American will also be holding its Annual General and Special Meeting of shareholders (the "Shareholders Meeting") the same day at 3:00 pm PT. First Quarter 2024 Unaudited Results Conference Call and Webcast Date:       May 9, 2024 Time:       11:00 am ET (8:00 am PT) D.

The value of silver hit a two-year high this week. Investors no longer expect big rate cuts this year as inflation remains stubbornly high.

Despite the volatility in silver prices weighing on the near-term prospects of the Zacks Mining - Silver industry, stocks like PAAS, HL, FSM, VZLA and ASM will likely gain from solid growth projects, efforts to improve operational efficiency and lower costs.

Pan American Silver (PAAS) 2023 top and bottom lines rise year over year reflecting higher gold and silver prices.

Get a deeper insight into the potential performance of Pan American Silver (PAAS) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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.

Pan American Silver has high-quality assets located in good jurisdictions. Yamana acquisition added quality assets such as Jacobina and Cerro Moro mines. 3Q23 production figures were not impressive at first glance, being on the lower limit of the guidelines. Despite that, PAAS output grew significantly due to the acquisition of Yamana assets. The company has sound financials with $356 million cash and $830 million total debt (including leases). PAAS profit margins have improved over the last few quarters.

Silver prices could spike based on 16-year high lease rates, making it a smart time to consider adding Pan American Silver in your portfolio. Pan American Silver acquired assets from Yamana in 2023, increasing silver and gold production, reducing risks with greater mine diversification, while improving operating margins. Any reopening of the Escobal mine in Guatemala could turn PAAS into a Strong Buy on much better financial performance, including a jump in earnings.

PAAS reported a loss per diluted share of $0.06, or $21.80 million, in the third quarter of 2023. The company announced the divestiture of certain non-core assets, expected to yield $593 million in cash. I recommend buying PAAS between $13.60 and $13.20, with possible lower support at $13.