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Bullboard - Stock Discussion Forum Pan American Silver Corp T.PAAS

Alternate Symbol(s):  PAAS

Pan American Silver Corp. is a Canada-based producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. The Company is engaged in silver and gold mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation. The Company also owns the Escobal mine in Guatemala that is... see more

TSX:PAAS - Post Discussion

Pan American Silver Corp > net income of $0.34 per share in Q2 2021 and increases div.
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Post by Betteryear2 on Aug 10, 2021 6:10pm

net income of $0.34 per share in Q2 2021 and increases div.

VANCOUVER, BCAug. 10, 2021 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today reported unaudited results for the quarter ended June 30, 2021 ("Q2 2021"). Pan American's unaudited condensed interim consolidated financial statements ("financial statements"), as well as Pan American's management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2021, are available on Pan American's website at panamericansilver.com and on SEDAR at www.sedar.com.

"Strong mine operating earnings of $103 million and strong operating cash flow in Q2 have further improved our financial position. Together with the sale of non-core assets, our cash and short-term investments increased by $34 million in Q2," said Michael Steinmann, President and Chief Executive Officer. "We expect cash flows to further improve in the second half of the year, with the anticipated rise in throughput rates at La Colorada along with the normalization of inventory levels that were built up during the first half of 2021. Based on our strong financial position and our expectation for improving free cash flow over the remainder of the year, we are increasing the quarterly dividend to $0.10 per common share. This marks the third dividend hike in the past 18 months."

Added Mr. Steinmann: "At La Colorada, we have now restored ventilation in the high-grade area of the mine, allowing underground development and throughput to ramp up over the coming months, together with an improvement in grades."

https://www.prnewswire.com/news-releases/pan-american-silver-reports-net-income-of-0-34-per-share-in-q2-2021-and-increases-quarterly-dividend-by-43-to-0-10-per-common-share-301352731.html
Comment by sledig on Aug 10, 2021 8:46pm
</too me a pretty good release. yet here we are at a year low. miners can't get a break. gl>
Comment by Odinson on Aug 10, 2021 9:07pm
Did you notice, not a word about escobal ......not a word!!!
Comment by Udinese69 on Aug 13, 2021 12:05pm
Pls be advised that on the conferance call, thet did discuss Escobal
Comment by cleareye on Aug 17, 2021 6:54pm
And what did they say,... about Escobal?
Comment by Odinson on Aug 18, 2021 9:56am
Not a word! They want us to forget that it exists until the contingency runs out ........ somewhere in th 7 to 8 year time frame!
Comment by Udinese69 on Aug 18, 2021 11:11am
Odinson are you playing the same negative ?? as on GGO Bullboard For anyone that is interested in real facts, pls listen to the conference call Aug 11/21 Ciao tks YAHAGD
Comment by severeanalysts on Sep 19, 2021 5:55am
Nice to know the significance of the high grade at La colorada in Mexico eh FYI Keep your eyes on VZLDs trading Monday Monday will be the last day to aquire the free share of Vizsla Copper. If you have 3 VZLD before market closing Monday you get 1 free in the recent spin off of  2 advanced Canadian Cu properties HELLO, A NO BRAINER SITUATION. WE ARE BUYING AT LEAST ANOTHER 45,000 shs ...more  
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