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PAAS

Pan American Silver Corp.

5/24/2013, 4:29 AM ET

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Friday, December 21, 2012, 5:43 PM Pan American Silver (PAAS) says it is suspending work on its Navidad silver mine project in Argentina's Chubut province, citing proposed legislation that could sharply raise taxes on the mining industry. PAAS currently operates the Manantial Espejo silver mine in the Santa Cruz province, where the governor also wants to tap the industry to plug a budget gap. (earlier) 1 Comment [Commodities, Global & FX]
Friday, December 21, 2012, 10:22 AM Pan American Silver (PAAS +0.6%) denies speculation it plans to bail out of its flagship Navidad silver project in Argentina, but the project’s future remains in doubt. PAAS has warned the project is dead unless the government steers away from punitive taxes and royalties; PAAS could take a significant writedown if the project is ended, as Navidad's current carrying value is ~$560M. 1 Comment [Commodities, Global & FX]
Thursday, November 8, 2012, 11:13 AM Pan American Silver Corp (PAAS) declares $0.05/share quarterly dividend, in line with previous. For shareholders of record Nov. 19. Payable Dec. 3. Ex-div Nov. 15. (PR) Comment! [Dividends]
Wednesday, November 7, 2012, 7:55 PM More on Pan American Silver (PAAS): Q3 misses the mark across the board. Net earnings fell 57% Y/Y due to lower metals prices. Realized prices of silver fell 24% from a year earlier, while gold prices slipped 2%, largely offsetting a jump in production. The company's silver production rose 13% while gold production was up 36%. Comment! [Earnings, Commodities]
Wednesday, November 7, 2012, 7:52 PM Pan American Silver (PAAS): Q3 EPS of $0.25 misses by $0.08. Revenue of $251M misses by $18M. (PR) Shares -3% AH. Comment! [Earnings, Commodities, On the Move]
Wednesday, November 7, 2012, 12:10 AM Notable earnings after Wednesday’s close: ARAY, ATO, ATVI, AWK, BONE, CBS, CLR, CODI, CPE, CPNO, CTL, CXO, ETE, ETP, EXEL, FTK, GMXR, GSS, HIMX, HNSN, ITMN, KGC, MAKO, MBI, MDLZ, MNST, MWE, NQ, OAS, ONTY, OSUR, PAAS, PANL, PRI, PRU, QCOM, SGEN, SLXP, SNTS, SRZ, SSRI, SXL, TCAP, TIE, TS, WFM Comment! [Earnings]
Tuesday, November 6, 2012, 5:35 PM Notable earnings after Wednesday’s close: ARAY, ATO, ATVI, AWK, BONE, CBS, CLR, CODI, CPE, CPNO, CTL, CXO, ETE, ETP, EXEL, FTK, GMXR, GSS, HIMX, HNSN, ITMN, KGC, MAKO, MBI, MDLZ, MNST, MWE, NQ, OAS, ONTY, OSUR, PAAS, PANL, PRI, PRU, QCOM, SGEN, SLXP, SNTS, SRZ, SSRI, SXL, TCAP, TIE, TS, WFM Comment! [Earnings]
Tuesday, November 6, 2012, 10:57 AM Silver miners (SIL -0.6%) are struggling with low prices, as evidenced by Q3 results from Hecla Mining (HL -4.8%) and Coeur d'Alene (CDE -18.8%), where prices were down 23% and 5.5% Y/Y respectively; a 14% drop was blamed for falling revenues and profits at Silver Wheaton (SLW -0.5%). Pan American Silver (PAAS -2.3%) is scheduled to report Thursday. 3 Comments [Commodities, On the Move]
Tuesday, October 2, 2012, 3:42 PM In addition to upgrading Pan American Silver (PAAS) and downgrading Goldcorp (GG), Deutsche Bank adjusts price targets on other metals stocks: ABX, CDE, CLF, FCX, KGC, VALE, AA, HL, NEM, SSRI, SCCO, TCK. The sector is "hitting an inflection point where routine operating cost and capital spending overruns are no longer being tolerated by boards or investors." 5 Comments [Commodities, Quick Ideas]
Tuesday, October 2, 2012, 12:34 PM Pan American Silver (PAAS +0.3%) is upgraded to Buy from Hold with a $26 target price, up from $22, at Deutsche Bank on expectations of rising cash flow due to higher silver prices. The firm believes "costs are turning the corner and free cash flow could surge in 2013" and supports the company's second 5% share buyback and 1% dividend yield. Comment! [Commodities, Quick Ideas]
Thursday, September 13, 2012, 2:49 PM Comex gold rose 2.2% to $1,772.10/oz. to finish near seven-month highs on the Fed's QE3 announcement, and gold miners (GDX +4.3%) are performing even better: NEM +5.4%, ABX +3.5%, GFI +3.8%, GG +4.9%, FCX +3.9%. Silver spiked even more, and silver miners (SIL +6.8%) are soaring too: SLW +5.1%, HL +5.3%, PAAS +4.8%, CDE +6.2%. 12 Comments [Commodities, On the Move]
Thursday, August 23, 2012, 9:45 AM Silver leaps 3.5%, gold gains 1.6% and crude oil rises to just under $98 as traders try to crowd ahead of anticipated Fed stimulus. “If they keep teasing - like Pavlov’s dogs, traders keep trying to run in front of the announcement,” ICAP’s Kenneth Polcari writes. JAG +3.8%, GOLD +2.6%, AG +2%, PAAS +1.9%, EGO +1.8%, SVM +1.5%, SLW +0.6%. 10 Comments [Commodities, On the Move]
Wednesday, August 15, 2012, 8:39 AM More on Pan American Silver (PAAS): Q2 earnings slid 61%, widely missing estimates, hit by a 23% drop in silver prices. Silver production was 6.4M oz., up 14% Y/Y and 16% Q/Q; the increase was due to the addition of 0.9M oz. produced by the newly-acquired Dolores mine in Mexico. The La Colorada and Alamo Dorado mines produced 1.1M oz. and 1.3M oz. of silver, respectively. 2 Comments [Commodities]
Wednesday, August 15, 2012, 6:27 AM Pan American Silver (PAAS) declares $0.05/share quarterly dividend, 33% increase from prior dividend of $0.0375. Forward yield 1.30%. For shareholders of record Aug 27. Payable Sep 10. Ex-div date Aug 23. (PR) Comment! [Dividends]
Wednesday, August 15, 2012, 6:04 AM Pan American Silver (PAAS): Q2 EPS of $0.11 misses by $0.22. Revenue of $200.6M (-13% Y/Y) misses by $51M. (PR) 1 Comment [Earnings]
Tuesday, August 14, 2012, 12:10 AM Notable earnings after Tuesday’s close: JDSU, PAAS Comment! [Earnings]