Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $9.78 USD
Change Today -0.225 / -2.25%
Volume 1.7M
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

pan american silver corp (PAAS) Snapshot

Open
$9.97
Previous Close
$10.00
Day High
$9.97
Day Low
$9.67
52 Week High
07/10/14 - $15.97
52 Week Low
03/11/15 - $8.49
Market Cap
1.5B
Average Volume 10 Days
1.7M
EPS TTM
--
Shares Outstanding
151.6M
EX-Date
05/20/15
P/E TM
--
Dividend
$0.20
Dividend Yield
4.35%
Current Stock Chart for PAN AMERICAN SILVER CORP (PAAS)

pan american silver corp (PAAS) Related Bloomberg News

View More Bloomberg News

pan american silver corp (PAAS) Related Businessweek News

No Related Businessweek News Found

pan american silver corp (PAAS) 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 (PAAS) 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 (PAAS) Key Developments

Pan American Silver Corp. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Confirms Production Guidance for the Year 2015

Pan American Silver Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss for the period of $6,760,000 against net earnings $6,760,000 a year ago. Loss per basic share attributable to common shareholders was $0.13 against earnings per share of $0.05 a year ago. Adjusted loss for the period was $19,907 against adjusted earnings of $12,827,000 a year ago. Adjusted loss per basic share was $0.13 against $0.08 a year ago. Net cash generated from operating activities was $11,946,000 or $0.08 per share against $36,125,000 or $0.23 per share a year ago. The decline in quarterly revenue previously described was the primary driver behind the current quarter's decline in operating cash flow, partially offset by $7.8 million less cash income taxes paid as compared to the first quarter of 2014. The company generated $178.1 million in revenue, 15% less than revenue generated in the comparable quarter of 2014. The decline in sales was caused primarily by lower metal prices and less silver ounces sold during the reporting quarter. The decline in revenue was partially offset by higher quantities of gold and copper sold. The company reported growth capital expenditures of $17 million, spent mostly on the expansion of La Colorada and the new power line at Dolores, partially offset by net borrowings primarily from local loans in Argentina of $5 million that brought its closing treasury balance at quarter end to a strong $292.4 million with total debt of only $65.4 million. The company produced 6.08 million ounces of silver and 37,500 ounces of gold during the first quarter of 2015. Silver production declined 8% in comparison to silver produced in the first quarter of 2014, primarily due to less ounces produced at Alamo Dorado and Manantial Espejo due to lower silver grades at both mines, partially offset by more ounces produced at Huaron and La Colorada. Gold production during the reporting quarter was 37,500 ounces, 18% lower than a year ago. Lower gold production during the reporting quarter was a result of fewer ounces produced at Manantial Espejo, due to the delay in mining a higher grade area of the Maria pit, partially offset by more ounces produced at Dolores. The company reaffirms 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. Provided metal prices remain at or near current levels, the Company also believes that it will be within its annual guidance for AISCSOS of between $15.50 and $16.60, net of by-product credits and annual consolidated cash costs of between $10.80 and $11.80 per silver ounce, net of by-product credits. The company also reaffirms its forecast for 2015 annual sustaining capital of between $71.0 and $84.0 million.

Pan American Silver Corp. Approves Investment of $112.4 Million to Expand its Dolores Mine in Chihuahua, Mexico

Pan American Silver Corp. announced that its Board of Directors has approved the investment of $112.4 million required to expand its Dolores mine in Chihuahua, Mexico, by adding a milling and pulp agglomeration circuit to improve silver and gold recoveries, as well as by developing an underground mine to extract mineral resources that exist beneath and to the south of the ultimate open pit.

Pan American Silver Corp. Approves 2015 Second Quarter Dividend Payable on or About June 2, 2015

The Board of Directors of Pan American Silver Corp. has also approved its second quarterly cash dividend of 2015 in the amount of $0.05 per common share. The cash dividend will be payable on or about June 2, 2015, to holders of record of common shares as of the close of May 22, 2015. The company's decision to reduce the quarterly dividend by 60%, to $0.05 per share, is directly related to the concurrent decision to invest $112.4 million in the Dolores mine expansion project, as well as in recognition of the current challenging silver price environment.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PAAS:US $9.78 USD -0.225

PAAS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Centamin PLC 68.65 GBp +0.30
Centerra Gold Inc C$7.59 CAD +0.11
Detour Gold Corp C$13.31 CAD +0.01
New Gold Inc C$3.94 CAD -0.01
Stillwater Mining Co $13.86 USD -0.13
View Industry Companies
 

Industry Analysis

PAAS

Industry Average

Valuation PAAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.1x
Price/Book 1.0x
Price/Cash Flow 14.6x
TEV/Sales 1.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PAN AMERICAN SILVER CORP, please visit www.panamericansilver.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.