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). |