Pan American Silver Corp. (PAAS) - NASDAQ
  • Fri, Jun. 24, 8:48 AM
    • While stock futures remain under tremendous pressure following the Brexit vote, gold miner shares are soaring in premarket action, as the added uncertainty in the global economy sparks a surge in gold prices.
    • The Gold Miners ETF (NYSEARCA:GDX) +9.5% premarket, putting it on course to open at the highest level since July 2014; among GDX's components, Newmont Mining +7.7% toward a three-year high even though NEM derived 64.1% of its revenue over the last 12 months from the U.K., according to FactSet.
    • Among other GDX members, Goldcorp (NYSE:GG+7.5%, Barrick Gold (NYSE:ABX+9.6% and Yamana Gold (NYSE:AUY) +7.2%.
    • Also premarket: KGC +8.9%, GOLD +11.6%, GFI +11.8%, RGLD +10.6%, HMY +11%, SBGL +12.4%, AEM +8.4%, SLW +5.6%, PAAS +6.1%, EGO +8.3%, NG +8.9%, IAG +8.4%, FNV +5%.
    • ETFs: GDX, NUGT, GGN, DUST, SIL, GLDX, SGDM, ASA, SLVP, RING, PSAU, TGLDX, GDXX, GDXS
    | Fri, Jun. 24, 8:48 AM | 45 Comments
  • Mon, Jun. 20, 10:22 AM
    | Mon, Jun. 20, 10:22 AM | 46 Comments
  • Fri, Jun. 3, 3:58 PM
    | Fri, Jun. 3, 3:58 PM | 85 Comments
  • Thu, May 12, 12:14 AM
    • Pan American Silver (NASDAQ:PAAS): Q1 EPS of $0.02 beats by $0.07.
    • Revenue of $158.27M (-11.1% Y/Y) misses by $4.21M.
    • Shares +2.4% PM.
    • Press Release
    | Thu, May 12, 12:14 AM
  • Wed, Mar. 23, 3:49 PM
    • The YTD commodity price rally has been driven by incrementally positive data from China but the trend is unlikely to continue, as supply cuts are needed across most commodities, Deutsche Bank analyst Jorge Beristain says.
    • Following a strong Q1 in precious metals, Beristain downgrades Barrick Gold (ABX -8.3%), Hecla Mining (HL -7%) and Pan American Silver (PAAS -5.4%) to Hold from Buy and Coeur Mining (CDE -9.7%) to Sell from Hold.
    • The firm says it "favors select companies with relatively strong balance sheets and businesses that can defend margins through low cost, contractual sales or patented technologies," and recommends some gold exposure through Newmont Mining (NEM -8.3%) but advises avoiding Sell-rated CDE, Franco-Nevada (FNV -4.6%), Goldcorp (GG -7.1%) and Teck Resources (TCK -14.5%).
    | Wed, Mar. 23, 3:49 PM | 50 Comments
  • Tue, Jan. 19, 12:58 PM
    • Pan American Silver (PAAS -5.9%) says it set new annual records for silver and gold production during 2015, but shares are sharply lower along with precious metal prices.
    • PAAS says it produced 6.79M oz. of silver during Q4 to set a new annual record of 26.12M oz., and 48.2K oz. of gold during Q4 to also set a new annual gold production record of 183.7K oz.
    • For 2016, PAAS foresees annual silver production declining slightly to 24M-25M oz., while gold production is expected at 175K-185K oz.
    | Tue, Jan. 19, 12:58 PM
  • Dec. 28, 2015, 12:57 PM
    • Much like oil/gas firms (hurt by fresh oil price declines), coal, gold, and silver miners are having a rough day. End-of-year tax and fund selling could be playing a role. Comex gold is down a moderate 0.6%, and Comex silver down 3.2%. The S&P is down 0.5%.
    • Notable coal decliners: Peabody Energy (BTU -13.6%), Westmoreland Coal (WLB -6.4%), CONSOL Energy (CNX -9%), and Cloud Peak Energy (CLD -4%).
    • Notable gold decliners: Goldcorp (GG -3.5%), Barrick Gold (ABX -3.1%), Newmont Mining (NEM -4%), Kinross Gold (KGC -3.8%), Gold Fields (GFI -6.7%), AngloGold Ashanti (AU -5%), Harmony Gold (HMY -6.5%), and Sibanye Gold (SBGL -4.2%).
    • Notable silver decliners: Silver Wheaton (SLW -3.8%), Pan American Silver (PAAS -3.6%), First Majestic Silver (AG -6.9%), Tahoe Resources (TAHO -4.9%), and Coeur Mining (CDE -5.8%).
    • ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, GLL, UGLD, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, USV, GEUR, UBG, GYEN, TONS, QGLDX
    | Dec. 28, 2015, 12:57 PM | 36 Comments
  • Dec. 14, 2015, 8:35 AM
    • Pan American Silver (NASDAQ:PAAS) says CEO Geoff Burns will retire effective Dec. 31, and President Michael Steinmann will become the new President and CEO effective Jan. 1.
    • Steinmann has led PAAS's geology and exploration activities since joining the company in 2004; he became Executive VP in 2008 and he took charge of strategic business development activities in 2011.
    • Burns, who has served as President and CEO since 2004, will remain on the Board until the next annual general meeting in May 2016.
    • PAAS -1.5% premarket.
    | Dec. 14, 2015, 8:35 AM
  • Oct. 20, 2015, 5:40 PM
    | Oct. 20, 2015, 5:40 PM
  • Aug. 12, 2015, 3:46 PM
    • China's moves to devalue the yuan and the potential for further devaluation have favorably shifted the risk/reward for stocks of precious metal miners, Deutsche Bank says as it upgrades Newmont Mining (NEM +6.1%) and Barrick Gold (ABX +5.2%) to Buy from Hold, citing improving balance sheets and share pullbacks the firm views as overdone compared to the move in gold prices.
    • The firm notes 82% of ABX's and NEM's estimated 2016 revenues come from gold; Kinross Gold (KGC +2.8%) and Goldcorp (GG +4.9%) derive a respective 97% and 73% of their expected 2016 revenues from gold.
    • Among silver miners, Deutsche Bank upgrades Pan American Silver (PAAS +6.1%) and Hecla Mining (HL +7.6%) to Buy from Hold, citing their cost exposures outside the U.S. and their respective 26% and 38% gold exposure.
    | Aug. 12, 2015, 3:46 PM | 11 Comments
  • Mar. 6, 2015, 2:42 PM
    | Mar. 6, 2015, 2:42 PM | 84 Comments
  • Jan. 20, 2015, 9:49 AM
    • Pan American Silver (PAAS +2.2%) says 2014 silver production hit a record 26.1M oz., up 1% Y/Y, and record gold production of 161.5K oz., up 8% Y/Y.
    • PAAS says preliminary cash costs for the full year of $11.46 per payable oz. of silver finished well below its forecast.
    • For Q4, silver production was 6.75M oz., less than 1% below year-ago output, while gold production of 43.9K oz. was down 5% Y/Y; preliminary cash costs were $11.92 per payable silver oz.
    • Says it expects similar consolidated silver production, a "modest” rise in gold production and largely flat cash costs for 2015.
    | Jan. 20, 2015, 9:49 AM
  • Dec. 30, 2014, 4:18 PM
    • With the dollar falling against the yen and pound and a minor flight to safety afoot - Treasurys are higher, stocks have closed moderately lower - COMEX gold is up 1.4% today to $1,197/oz., and COMEX silver is up 2.6% to $16.20/oz. The gains have provided a lift to the volatile/beaten-down shares of gold and silver miners.
    • Notable gold gainers: IAG +11.7%. ABX +3.6%. AUY +5.2%. NEM +3.6%. GG +4.6%. AU +4.2%. SBGL +4.9%. KGC +4.1%. AGI +5%. AEM +5.1%.
    • Notable silver gainers: AG +7.6%. SVM +7.1%. SSRI +6.2%. SVM +6.4%. PAAS +3.9%. SVLC +5.2%. EXK +6.9%.
    • ETFs with 3%+ gains: NUGT +10.1%. GDXJ +5.1%. USLV +9.7%. UBG +5.4%. USV +3.8%. SIVR +3.4%. AGQ +6.3%. BAR +3.2%. DBS +3.2%.
    • The group rallied on Friday after the PBOC relaxed lending rules for banks, but sold off on Monday.
    | Dec. 30, 2014, 4:18 PM | 16 Comments
  • Dec. 26, 2014, 3:34 PM
    | Dec. 26, 2014, 3:34 PM | 28 Comments
  • Nov. 28, 2014, 1:21 PM
    • Already hit hard over the last two years by declining prices, gold and silver miners saw more pain today as commodity stocks in general got hammered thanks to OPEC's decision not to slash crude production.
    • Decliners: ABX -8%. GG -6.1%. AUY -9.8%. KGC -8.2%. GFI -9.9%. SLW -7%. NEM -5.8%. AGI -6.9%. PAAS -9%. AG -15.4%. SSRI -11.6%. CDE -11.4%. HL -8.8%. TAHO -7.8%.
    • Previous: Precious metals slide alongside oil; Swiss vote ahead
    | Nov. 28, 2014, 1:21 PM | 12 Comments
  • Nov. 14, 2014, 9:44 AM
    • Pan American Silver (PAAS -2.9%) opens sharply lower after reporting Q3 earnings and revenues that fell short of analyst expectations.
    • PAAS consolidated production YTD was 19.4M oz. of silver and 117.6K oz. of gold, within the company's forecast for the first three quarters; management believes PAAS will achieve its original FY  2014 production guidance of 25.75M-26.75M oz. of silver and 155K-165K oz. of gold.
    • Raises its 2014 production guidance to 44K metric tons of zinc, 15K metric tons of lead and 8K metric tons of copper.
    | Nov. 14, 2014, 9:44 AM
Company Description
Pan American Silver Corp. is a silver mining company, which provides investors with the best investment opportunity to gain real exposure to silver prices. It engages in silver mining and related activities, including exploration, mine development, extraction, processing, refining and... More
Industry: Silver
Country: Canada