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

Alternate Symbol(s): PAAS

Metals & Mining Silver

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

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Pan American Silver Corp > Ouch quarterly results

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Post by ecolo101 on May 08, 2024 8:31pm

Ouch quarterly results

And they come with this

Net loss of $30.8 million ($0.08 basic loss per share),

A good thing that they are selling asset otherwise this would be worse for the future.

time to wait for a pullback from recent high before committing to more shares...

glta dyodd

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Comment by Nolyecsk on May 08, 2024 9:09pm

Not sure results are that bad. If I read right production was within guidance and costs a bit below. I note share price currently up $0.16 US after market on the NYSE.

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Comment by Nolyecsk on May 09, 2024 12:21am

I am disappointed to read about the lack of progress on Escobal. Hopefully Guatemalan gov't gets a minister in place sooner than later. Sure doesn't seem to be any urgency to get resolved.

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Comment by liljohnnyjoke on May 09, 2024 5:33am

If they can't turn a profit in q2 in which the price of gold/silver/copper all surged significantly then the cost per oz/ton of mining these metals is surging at a faster rate than the metal prices themselves

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