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PAAS

Pan American Silver Corp.

6/19/2013, 3:35 AM ET

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| Earnings
| Dividends
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| On the move

Tuesday, June 18, 12:52 PM Argentina's Santa Cruz province slaps a 1% annual tax on mine resources, a move mining companies say they will challenge in court. While the percentage seems small, miners say it will cost them $100M in new taxes next year, as the tax amounts to ~8% of the total resources of a mine with a 15-year life. Among miners with operations in Santa Cruz: AU -3.5%, MUX -2.3%, GG -2.5%, PAAS -1.4%. Comment! [Commodities, On the Move]
Tuesday, May 14, 1:27 PM Pan American Silver Corp (PAAS) declares $0.125/share quarterly dividend, in line with previous. Forward yield 3.96%. For shareholders of record May 24. Payable June 5. Ex-div date May 22. (PR) Comment! [Dividends]
Tuesday, May 14, 8:56 AM More on Pan American Silver's (PAAS) Q1 results: The increase in revenue was due to higher quantities of metals sold except zinc and lead, but partially offset by lower realized prices for silver, gold and copper. Q1 silver production rose 14% Y/Y to 6.3M oz.; gold production rose 65% to 32.1K oz. Total cash costs were $11.33/oz. of silver, below 2013 guidance of $11.80-$12.80. Comment! [Commodities, Earnings]
Tuesday, May 14, 8:15 AM Pan American Silver (PAAS): Q1 adj. EPS of $0.26 beats by $0.01. Revenue of $243M (+6.2% Y/Y) misses by $14M. (PR) Comment! [Earnings]
Tuesday, May 14, 12:05 AM Notable earnings before Tuesday’s open: HCLP, PAAS, VAL Comment! [Earnings]
Monday, May 13, 5:30 PM Notable earnings before Tuesday’s open: HCLP, PAAS, VAL Comment! [Earnings]
Monday, April 15, 7:00 PM The list of 52-week lows reached today is littered with miners and resource names: ABX, ACI, AG, AKS, ANV, AU, AUQ, AUY, CDE, CLF, CVE, EGO, EXK, EXXI, FCX, FNV, FST, GFI, GG, GOLD, HL, HMY, IAG, IPI, KGC, MHR, MT, MTL, NEM, NFX, NG, NGD, NOG, PAAS, PWE, RGLD, RIC, SA, SAND, SGY, SSRI, SVM, TCK, TGB, TRQ, WLT, WTI, X. 5 Comments [Commodities, Energy]
Monday, April 15, 12:59 PM Pan American Silver (PAAS -7%) is downgraded to Market Perform with a $19.50 target price (from $30) at BMO Capital, as a lack of growth and high cost structure expose shareholders to downside risk in a declining metal price environment. The firm cuts its EPS and cash flow/share outlook 58% and 34%, respectively, to $0.74 and $1.55, well below consensus. Also, SLW -7.5%, HL -8.5%. 3 Comments [Commodities, Quick Ideas, On the Move]
Monday, April 15, 9:15 AM Premarket gainers: S +16%. SVA +13%. BCRX +10%. LIFE +8%. NFP +7%. MGT +7%. TMO +6%. THRX +5%. NVAX +5%.
Losers: AAU -15%. MTL -10%. AUQ -11%. HMY -9%. NGD -8%. CEF -8%. SLW -8%. SAND -9%. KGC -7%. AUY -7%. GOLD -7%. MUX -7%. DSCO -7%. IAG -6%. SVM -6%. GG -6%. PAAS -6%. EGO -6%. AU -5%. CDE -5%. Comment! [On the Move]
Thursday, February 21, 10:15 AM Pan American Silver Corp. (PAAS) declares $0.125/share quarterly dividend, 150% increase from prior dividend of $0.05. Forward yield 3.21%. For shareholders of record Mar. 04. Payable Mar. 18. Ex-div date Feb. 27. (PR) Comment! [Dividends]
Thursday, February 21, 8:57 AM More on Pan American Silver's (PAAS) Q4 results: Unadjusted loss of $29.4M included a $100M impairment charge on the Navidad deposit in recognition of the deterioration of business conditions in Argentina. Average realized prices of silver rose 2.8% Y/Y to $33.41/oz.; gold prices rose 2.7% to $1,728. Silver production rose 29% to 6.9M oz.; gold production rose 88% to 32.4K oz. PAAS +2.1% premarket. Comment! [Commodities, Earnings, On the Move]
Thursday, February 21, 5:14 AM Pan American Silver (PAAS): Q4 EPS of $0.37 in-line. Revenue of $247.3M misses by $29.17M. (PR) Comment! [Earnings, Breaking News]
Wednesday, February 20, 12:10 AM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Tuesday, February 19, 5:35 PM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Monday, January 28, 3:14 PM As gold futures extend losses to a fourth straight session, gold-, silver- and commodity-related stocks are in full-blown bear territory. Sinking to new 52-week lows today: NEM -1.3%, AU -0.5%, BVN -2.7%, HMY -3%. Even as Global Hunter offers an upbeat outlook for silver, citing expected increases in industrial use, SLW -1%, PAAS -1.5%. 9 Comments [Commodities]
Tuesday, January 22, 9:13 AM Pan American Silver (PAAS) +1.5% premarket on news it produced a record 6.9M oz. of silver during Q4 and a new annual production record of 25.1M oz. for full-year 2012. PAAS also produced a record 32,381 oz. of gold during Q4, lifting annual production to a record 112,283 oz. Expects production of 25M-26M oz. of silver and 140K-150K oz. of gold in 2013. Comment! [Commodities, On the Move]