Pan American Silver

Pan American Silver Announces Normal Course Issuer Bid

Retrieved on: 
Monday, March 4, 2024

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s notice of its intention to make a normal course issuer bid (the “Bid”) to purchase up to 18,232,990 of its common shares, representing up to 5% of Pan American’s issued and outstanding shares as at February 29, 2024.

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s notice of its intention to make a normal course issuer bid (the “Bid”) to purchase up to 18,232,990 of its common shares, representing up to 5% of Pan American’s issued and outstanding shares as at February 29, 2024.
  • Pan American will pay the market price at the time of acquisition of any common shares in accordance with the rules and policies of the TSX and NYSE and applicable securities laws.
  • All common shares acquired by the Company under the Bid will be cancelled and purchases will be funded out of Pan American’s working capital.
  • A copy of the Company’s Notice of Intention to Make a Normal Course Issuer Bid filed with the TSX can be obtained from the Corporate Secretary of Pan American without charge.

Orex Signs Option Agreement to Acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico

Retrieved on: 
Tuesday, February 13, 2024

de C.V. ("EEC"), a Mexican registered private company, to acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico (the "Valenciana Property").

Key Points: 
  • de C.V. ("EEC"), a Mexican registered private company, to acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico (the "Valenciana Property").
  • It is located on the Mesa Central within the prolific "Silver Trend" of Mexico.
  • Orex's President & CEO, Ben Whiting, P.Geo., said; "This is a time of opportunities in the Mexican Mining Industry.
  • The Valenciana Mining District fits that description, and this is an excellent opportunity to restart exploration at Valenciana."

Pan American Announces Preliminary Economic Assessment of the La Colorada Skarn Project

Retrieved on: 
Tuesday, December 19, 2023

Mineral resources have reasonable prospects for eventual economic extraction demonstrating sufficient spatial continuity of mineralisation constrained within a potentially mineable shape.

Key Points: 
  • Mineral resources have reasonable prospects for eventual economic extraction demonstrating sufficient spatial continuity of mineralisation constrained within a potentially mineable shape.
  • No mineral reserves are reported at this time for the La Colorada Skarn project.
  • Drilling of the La Colorada Skarn deposit has been completed from both surface and underground drill platforms.
  • Pan American implements a quality assurance and quality control ("QAQC") program, including the submission of certified standards, blanks, and duplicate samples to the laboratories.

SilverCrest Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

In the third quarter, total cost of sales was $26.4 million (Q2, 2023 - $23.7 million), an increase of 11% over Q2, 2023.

Key Points: 
  • In the third quarter, total cost of sales was $26.4 million (Q2, 2023 - $23.7 million), an increase of 11% over Q2, 2023.
  • During Q3, 2023, sustaining capital expenditure of $9.8 million was a decrease from Q2, 2023 of $0.3 million and below plan for the quarter.
  • The Company anticipates its capital spending at Las Chispas to increase in Q4, 2023 relative to Q3, 2023 and remain within 2023 AISC guidance.
  • A conference call to discuss the Company's Q3, 2023 operational and financial results will be held Thursday November 9, 2023 at 8:00 a.m. PT / 11:00 a.m.

Pan American Silver Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reports unaudited results for the quarter ended September 30, 2023 ("Q3 2023").

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reports unaudited results for the quarter ended September 30, 2023 ("Q3 2023").
  • Silver production was at the low end and gold production was slightly below management's guidance ranges for Q3 2023.
  • Silver Segment Cash Costs and All-in Sustaining Costs ("AISC") per silver ounce of $13.13 and $18.19, respectively.
  • A cash dividend of $0.10 per common share with respect to Q3 2023 was declared on November 7, 2023, payable on or about December 1, 2023, to holders of record of Pan American’s common shares as of the close of markets on November 20, 2023.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Pan American Silver Provides Notice of Third Quarter 2023 Unaudited Results and Conference Call

Retrieved on: 
Thursday, October 12, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American Silver") will release its unaudited results for the third quarter of 2023 ("Q3 2023") after market close on Tuesday, November 7, 2023. A conference call and webcast is planned for 11:00 am ET (8:00 am PT) on November 8, 2023.

Key Points: 

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American Silver") will release its unaudited results for the third quarter of 2023 ("Q3 2023") after market close on Tuesday, November 7, 2023. A conference call and webcast is planned for 11:00 am ET (8:00 am PT) on November 8, 2023.

Pan American Silver Provides an Update on the Restart of Operations at the La Colorada Mine

Retrieved on: 
Wednesday, October 11, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") today announced that it will commence restarting operations at its La Colorada mine in Mexico on October 16, 2023, following a shift change and the transition from care and maintenance activities.

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") today announced that it will commence restarting operations at its La Colorada mine in Mexico on October 16, 2023, following a shift change and the transition from care and maintenance activities.
  • On October 5, 2023, Pan American announced the temporary suspension of operating activities due to security concerns at the mine site and the surrounding area following an armed robbery of two trailers of concentrate from the operation.
  • Pan American and the Mexican authorities will maintain direct communications during the period leading up to the resumption of operations.
  • Pan American does not expect the temporary suspension of La Colorada to have a material impact to its annual consolidated production and cost guidance for 2023, nor to the targeted timing of late 2023 for the release of the La Colorada Skarn preliminary economic assessment.

Pan American Silver Temporarily Suspends Operations at the La Colorada Mine

Retrieved on: 
Friday, October 6, 2023

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") has temporarily suspended all operating activities at its La Colorada mine in Mexico due to security concerns at the mine site and the surrounding area.

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") has temporarily suspended all operating activities at its La Colorada mine in Mexico due to security concerns at the mine site and the surrounding area.
  • In response to the current security situation in the area and Pan American’s priority to protect the safety and security of our personnel, Pan American has temporarily suspended operations, project work and exploration at La Colorada.
  • The suspension will continue until Pan American determines it is appropriate to resume operations.
  • Pan American will provide an update on the situation as more information becomes available.