Pan American Silver (PAAS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Pan American Silver Corp. (NYSE:PAAS ) John Tumazos Very Independent Research LLC Presentation October 9, 2024 11:00 AM ET Company Participants Ignacio Couturier - CFO Siren Fisekci - VP, IR Conference Call Participants John Tumazos - John Tumazos Very Independent Research John Tumazos We're pleased to host Ignacio Couturier, the Chief Financial Officer, and Siren Fisekci, the VP, Investor Relations from Pan American Silver, the large silver and gold, and maybe a little zinc company too. And without further ado, please give us your presentation.
The latest trading day saw Pan American Silver (PAAS) settling at $21.35, representing a +1.57% change from its previous close.
Pan American Silver is rated as a hold due to limited further price increases in silver and rising all-in sustaining costs. PAAS's AISC increased by nearly 20% in Q2. Silver production fell by 8.82% in Q2, but management's 2024 production targets are still achievable, potentially improving AISC and profit margins.
Investors cautious about the Federal Reserve's September rate cut—confirmed at its mid-month meeting to be a full 50 basis points—and skeptical about the strength of the dollar have flocked to gold, sending the most famous safe haven commodity soaring to record highs. But there is only so much upside potential to gold, particularly given the attention that it has already drawn.
Pan American Silver Corp. (NYSE:PAAS ) Gold Forum Americas 2024 Conference September 17, 2024 1:20 PM ET Company Participants Michael Steinmann - President & CEO Conference Call Participants Jackie Przybylowski - BMO Capital Markets Jackie Przybylowski All right. So you've done a few acquisitions over the last couple of years.
Pan American Silver (PAAS) closed the most recent trading day at $19.29, moving +1.74% from the previous trading session.
Pan American Silver Corp. (NYSE:PAAS ) Jefferies Industrials Conference 2024 September 5, 2024 8:00 AM ET Company Participants Ignacio Couturier - CFO Conference Call Participants Matthew Murphy - Jefferies Matthew Murphy Yeah, okay. Up next we have Pan American Silver presenting the story is CFO, Ignacio Couturier who's been with the company for 20 years.
Pan American Silver (PAAS) to focus on core operations with the divestment of its Joaquin and Cerro Puntudo projects in Argentina.
Pan American Silver Corp. had a mediocre quarter in Q2 with solid performances from Huaron, San Vicente, El Penon and Jacobina overshadowed by softness at La Colorada/Cerro Moro. The result was a significant spike in AISC in Q2 2024 to ~$19/oz, but record gold prices still allowed for significant free cash flow generation in Q2. Meanwhile, although Q2 2024 certainly had its challenges, H2 2024 is shaping up to be much stronger with a weaker MXN/USD, higher gold/silver prices and higher production.
Pan American Silver's (PAAS) average realized silver and gold prices improve y/y in Q2.
Pan American Corp. is one of the largest primary silver producers in the world and is well positioned to profit from the coming Silver Bull Market. It has a healthy cash position which enables it to pursue opportunities via the merger and acquisitions route. The precious metals market is not for the faint-hearted so expect a fair amount of volatility in the years ahead.