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Pan American Silver Corp (N:PAAS)

Business Focus: Silver Mining

Sector:  Basic Materials Industry:  Precious Metals & Minerals
 
Company Contact
Address: 2100-733 Seymour Street
VANCOUVER BC V6B 0S6
Tel: N/A
Website: https://www.panamericansilver.com
IR: See website
Key People
Michael Steinmann
President, Chief Executive Officer, Director
Sean Mcaleer
Senior Vice President, Strategic Initiatives
Ignacio Couturier
Chief Financial Officer
Steven L. Busby
Chief Operating Officer
Christopher Lemon
General Counsel, Chief Legal and Human Resources Officer
Cameron Paterson
Senior Vice President - Finance and IT
Delaney Joseph Fisher
Senior Vice President, Associate General Counsel and Corporate Secretary
Brent Bergeron
Senior Vice President - Corporate Affairs and Sustainability
Scott Campbell
Senior Vice President - Operations and Projects
Sam Drier
Senior Vice President, Business Development
   
Business Overview
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 currently not operating. In addition, the Company is exploring new silver and gold deposits and opportunities throughout the Americas. Its segments include Silver, Gold and Other. Its Silver Segment includes La Colorada, Cerro Moro, Escobal, Huaron and San Vicente. Its Gold segment includes Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. Its Other segment includes Pas Corp, Yamana Corp and other.
Financial Overview
For the three months ended 31 March 2024, Pan American Silver Corp revenues increased 54% to $601.4M. Net loss totaled $30.9M vs. income of $16.4M. Revenues reflect Gold segment-La Arena increase of 9% to $44.6M, Gold Segment-Timmins increase of 3% to $69.5M. Net loss reflects Loss on investments decrease from $6.9M (income) to $10.8M (expense), FV/Uls Adjust on Derivatives for Hedging increase from $1.8M (income) to $10.5M (expense).