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Last C$8.77 CAD
Change Today -0.03 / -0.34%
Volume 402.7K
PAA On Other Exchanges
Symbol
Exchange
Toronto
NASDAQ GS
Frankfurt
As of 4:00 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

pan american silver corp (PAA) Snapshot

Open
C$8.71
Previous Close
C$8.80
Day High
C$8.86
Day Low
C$8.54
52 Week High
02/4/15 - C$15.06
52 Week Low
07/24/15 - C$7.76
Market Cap
1.3B
Average Volume 10 Days
788.0K
EPS TTM
C$-0.93
Shares Outstanding
151.6M
EX-Date
08/21/15
P/E TM
--
Dividend
C$0.20
Dividend Yield
4.83%
Current Stock Chart for PAN AMERICAN SILVER CORP (PAA)

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pan american silver corp (PAA) Details

Pan American Silver Corp., together with its subsidiaries, operates and develops, and explores for silver producing properties and assets in Mexico, Peru, Argentina, and Bolivia. The company also produces and sells gold, zinc, lead, and copper. It holds interests in the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo, and San Vicente mines. The company was founded in 1979 and is headquartered in Vancouver, Canada.

6,983 Employees
Last Reported Date: 03/26/15
Founded in 1979

pan american silver corp (PAA) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: C$700.0K
President
Total Annual Compensation: C$448.5K
Chief Financial Officer
Total Annual Compensation: C$415.0K
Chief Operating Officer
Total Annual Compensation: C$546.5K
Senior Vice President of Mining Operations
Total Annual Compensation: C$435.5K
Compensation as of Fiscal Year 2014.

pan american silver corp (PAA) Key Developments

Pan American Silver Declares Third Quarter Cash Dividend Payable on or About September 8, 2015

The board of Directors of Pan American Silver Corp. approved the third quarterly cash dividend of 2015 in the amount of $0.05 per common share. The cash dividend will be payable on or about, September 8, 2015, to holders of record of common shares as of the close of Tuesday, August 25, 2015.

Pan American Silver Seeks Acquisitions

Pan American Silver Corp. (TSX:PAA) plans to use proceeds from credit facility for organic growth opportunities and acquisitions.

Pan American Silver Corp. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Production and Capital Expenditure Guidance for the Full Year 2015

Pan American Silver Corp. announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of USD 7,299,000 against USD 5,679,000 a year ago. Basic loss per share attributable to common shareholders was USD 0.05 against USD 0.04 a year ago. Adjusted loss was USD 11,239,000 against adjusted earnings of USD 1,817,000 a year ago. Basic adjusted loss per share attributable to common shareholders was USD 0.07 against basic adjusted earnings per share attributable to common shareholders of USD 0.01 a year ago. Net cash generated from operating activities was USD 20,577,000 or USD 0.14 per share against USD 48,737,000 or USD 0.32 per share a year ago. Revenue was USD 174,200,000. During the second quarter of 2015, the company generated 13% less revenue than in the comparable quarter of 2014. Lower revenue was due primarily to a marked decline in metal prices (with the exception of zinc), negative settlement adjustments on concentrate sales, lower quantities of zinc, lead and gold sold, and higher treatment and refining charges. These factors were partially offset by higher quantities of silver and copper sold and higher zinc prices. The net loss generated in the reporting quarter resulted primarily from lower mine operating earnings due to lower revenues, partially offset by lower production costs, lower income taxes, and gains on the sale of commodities contracts and derivatives. The net loss for the current quarter also included USD 1.5 million in net realizable value (NRV) adjustments. The company generated a mine operating loss of USD 1,000,000 during the second quarter of 2015, compared to mine operating earnings of USD 10,200,000 generated in the comparable quarter of 2014. The loss was directly attributable to the decline in revenues and was partially offset by lower production costs and lower depreciation and amortization expense. Cash flow during the reporting quarter was negatively affected by the decline in revenue previously described, as well as higher income taxes and interest paid, as compared to the same quarter of 2014. Sustaining capital for mineral properties, plant and equipment was USD 17,746,000 against USD 24,411,000 a year ago. Project capital for mineral properties, plant and equipment was USD 11,812,000 against USD 13,018,000 a year ago. For the six months, the company reported net loss of USD 27,084,000 against net earnings of USD 1,081,000 a year ago. Basic loss per share attributable to common shareholders was USD 0.18 against basic earnings per share attributable to common shareholders of USD 0.01 a year ago. Adjusted loss was USD 31,145,000 against adjusted earnings of USD 14,644,000 a year ago. Basic adjusted loss per share attributable to common shareholders was USD 0.21 against basic adjusted earnings per share attributable to common shareholders of USD 0.10 a year ago. Net cash generated from operating activities was USD 32,425,000 or USD 0.21 per share against USD 84,862,000 or USD 0.56 per share a year ago. In the six months ended June 30, 2015, the company generated mine operating earnings of USD 1,700,000, compared to mine operating earnings of USD 41,800,000 in the comparable period of 2014. Sustaining Capital for mineral properties, plant and equipment was USD 34,273,000 against USD 49,109,000 a year ago. Project capital for mineral properties, plant and equipment was USD 28,651,000 against USD 26,310,000 a year ago. For the quarter, the company reported silver metal production of 6.65 million ounces against 6.56 million ounces a year ago. Gold metal production was 44,400 ounces against 37,700 ounces a year ago. Zinc metal production was 9,200 ounces against 11,400 ounces a year ago. Lead metal production was 3,500 ounces against 4,000 ounces a year ago. Copper metal production was 4,300 ounces against 1,900 ounces a year ago. For the six months, the company reported silver metal production of 12.70 million ounces against 13.18 million ounces a year ago. Gold metal production was 81,900 ounces against 83,600 ounces a year ago. Zinc metal production was 18,500 ounces against 22,800 ounces a year ago. Lead metal production was 7,000 ounces against 7,600 ounces a year ago. Copper metal production was 7,400 ounces against 3,600 ounces a year ago. The company reaffirmed its annual precious metals production forecast of between 25.50 million and 26.50 million silver ounces, and between 165,000 ounces and 175,000 ounces of gold. With the revised mine sequencing at Morococha, the Company increases the annual production forecast for copper in 2015 to between 14,000 to 15,000 tonnes, an 81% increase from the low end of the 8,000 to 8,500 tonnes originally forecasted for the year. Conversely, the company is reducing its full year 2015 consolidated zinc and lead production forecast to 37,000 to 39,000 tonnes and 13,000 to 13,500 tonnes, respectively from 41,000 to 43,000 tonnes of zinc and 14,500 to 15,000 tonnes of lead. Provided metal prices remain at or near current levels, the Company also believes that it will be at the low end or below its annual guidance for AISCSOS of between USD 15.50 and USD 16.60, net of by-product credits and similarly at the low end or below its annual consolidated cash costs guidance of between USD 10.80 and USD 11.80 per silver ounce, net of by-product credits. In addition, the company reaffirmed its forecast for 2015 annual sustaining capital of between USD 71.0 and USD 84.0 million. With the addition of the Dolores expansion project, the company now expects to invest between USD 90.0 million and USD 100.0 million in project development in 2015.

 

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Industry Analysis

PAA

Industry Average

Valuation PAA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 0.7x
Price/Cash Flow 10.0x
TEV/Sales 0.9x
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