Pan American Silver

Silver miners? Q1?16 fundamentals

The world?s elite silver miners just finished reporting their operating results from 2016?s first quarter, and they were impressive.  This industry continued to drive its costs lower even as silver finally started mean reverting out of mid-December?s deep secular low.  The silver miners are beautifully positioned to enjoy soaring operating profits as silver?s young new bull market continues gradually marching higher on balance..

http://www.mining.com/web/silver-miners-q116-fundamentals/

 

Pan American Silver meldet Quartalszahlen für Q2/17 und kann als einziger primärer Silberproduzent in diesem Quartal überzeugen:
https://www.panamericansilver.com/wp-content/...nAmericanSilver-6.pdf  

Pan American Silver meldet Zahlen für Q3/17

http://news.panamericansilver.com/...audited-Net-Earnings-for-Q3-2017

 

Pan American Silver wird nach Bekanntgabe der Zahlen von der Börse abgestraft

Dennoch konnte PAAS in Q3/17 rund 38,7 Mio. $ Schulden zurückzahlen. Zudem liegt das Unternehmen mit YTD AISC von 10,77$/oz voll im Rahmen seiner Jahresprognose von 10,50 - 11,50$/oz. Aktuell könnte es eine gute Möglichkeit zum Einstieg sein.

https://www.fool.com/investing/2017/11/09/...-silver-corp-to-los.aspx

 

 

Bescheid wie es hier weitergeht?  

Das es hier nie etwas neues an News gibt . mit Abstand der mieseste Tread ever... voll peinlich  

ich weiß haben sie keine Schulden und Quartalsdivi zahlen sie auch, deswegen hab ich mich auch für diese Silberaktie entschieden. Vielleicht steigt der Silberpreis im 1.Quartal 18 deutlich an, das müßte der Aktie den nötigen Schub nach oben geben. Also erstmal abwarten!

Wer jetzt günstig einkauft, dürfte auf längere Sicht nichts falsch machen.  

Pan American Silver gibt die Produktionszahlen für 2017 bekannt

PAAS meldet eine vorläufige Produktion für 2017 von ca. 25 Moz Silver und 160 koz Gold und liegt  innerhalb seiner Prognosen. Zudem gibt das Unternehmen einen 3 Jahres-Ausblick bekannt. In 2018 sollen zwischen 25,0-26,5 Moz Silber sowie 175-185 koz Gold produziert werden.

http://news.panamericansilver.com/...-for-2018-and-Three-year-Outlook

 

Pan American Silver meldet Zahlen für 2017

Highlights for the three and twelve-month periods ended December 31, 2017:

• Silver production in Q4 2017 was 6.58 million ounces, which is 4% higher than production in the fourth quarter of 2016 ("Q4 2016"), primarily reflecting increases at Dolores, La Colorada and Morococha. Annual silver production of 25.0 million ounces was similar to the 25.4 million produced in 2016, as increases at La Colorada and Dolores offset the expected decline from the conclusion of Alamo Dorado operations.
• Gold production was 43.7 thousand ounces in Q4 2017 compared with 43.9 thousand ounces in Q4 2016. Annual 2017 gold production was 160.0 thousand ounces compared with 183.9 thousand ounces in 2016. The decrease was due to lower ore grades at Manantial Espejo and the conclusion of Alamo Dorado operations.
• Zinc production of 14.7 thousand tonnes in Q4 2017 was up 11% compared with Q4 2016. Annual 2017 zinc production of 55.3 thousand tonnes was 7% more than in 2016. The increases primarily reflect the expansion of the La Colorada operations.
• Lead production of 5.4 thousand tonnes in Q4 2017 was 2% lower than in Q4 2016. Annual 2017 production of 21.5 thousand tonnes was up 6% from 2016, driven by La Colorada.
• Copper production of 3.0 thousand tonnes in Q4 2017 and annual 2017 production of 13.4 thousand tonnes were 3% and 7% lower, respectively, than the corresponding 2016 periods, largely due to mine sequencing at Morococha.
• Revenue of $226.0 million in Q4 2017 was up 19% from Q4 2016. The increase was largely attributable to higher sales volumes for all metals, except copper, and higher prices for all metals, except silver. Positive settlement adjustments on concentrate shipments also contributed to the increase. Annual 2017 revenue was $816.8 million, up 5% from 2016, due to higher base metal prices and lower treatment and refining charges.
• Consolidated All-In Sustaining Costs per Silver Ounce Sold ("AISCSOS") were $10.86 in Q4 2017 compared with $10.38 in Q4 2016. Annual 2017 AISCSOS of $10.79 was $0.71 under the low end of management's original forecast of $11.50 to $12.90 and within the revised forecast of $10.50 to $11.50.
• Consolidated cash costs per payable ounce of silver, net of by-product credits ("Cash Costs") were $3.18 in Q4 2017 compared with $6.66 in Q4 2016, reflecting higher productivity, increased by-product credits and improved concentrate treatment terms. Annual 2017 Cash Costs of $4.55 were 28% lower than 2016, largely due to increased throughput at La Colorada, higher by-product credits, and lower treatment and refining charges.
• Net cash generated from operating activities was up 74% to $79.3 million in Q4 2017 compared with $45.7 million in Q4 2016, reflecting higher revenues, positive working capital changes and lower cash taxes. Annual 2017 operating cash flows of $224.6 million were 5% higher than the $214.8 million generated in 2016, driven primarily by increased revenues and positive working capital changes, partially offset by higher cash taxes.
• Net earnings were $49.7 million ($0.32 basic earnings per share) in Q4 2017 compared with $22.3 million ($0.14 basic earnings per share) in Q4 2016. Q4 2017 net earnings include a $60.2 million reversal of the 2015 Morococha mine impairment. Annual 2017 net earnings were $123.5 million ($0.79 basic earnings per share) compared with $101.8 million ($0.66 basic earnings per share) in 2016.
• Adjusted earnings were $19.2 million ($0.13 basic adjusted earnings per share) compared with $19.0 million ($0.12 basic adjusted earnings per share) in Q4 2016. Higher revenues in Q4 2017 were offset by increases in production costs, including increased negative non-cash net realizable value inventory adjustments, as well as higher depreciation and income tax expense. Annual 2017 adjusted earnings were $77.7 million ($0.51 basic adjusted earnings per share) compared with $86.6 million ($0.57 basic adjusted earnings per share) in 2016.
• Liquidity and working capital position. During 2017, debt reduced by $32.7 million (including capital leases), resulting in year end debt of $10.6 million, mostly related to finance lease liabilities. At December 31, 2017, the Company had cash and short-term investment balances of $227.5 million, working capital of $410.8 million and $300.0 million available under its revolving credit facility.
• Capital expenditures totaled $42.3 million in Q4 2017 compared with $56.5 million in Q4 2016. Annual 2017 capital expenditures were $145.8 million, including approximately $61.4 million of project capital, compared with $198.5 million in 2016. The decrease was largely due to the completion of the La Colorada expansion, partially offset by a $4.9 million year-over-year increase in sustaining capital.
• Dolores expansion. In 2017, we completed construction of the pulp agglomeration plant with commissioning activities fully underway at year-end. We also advanced the underground mine development and reached the planned daily stacking rate of 20,000 tonnes.
• The La Colorada expansion achieved full design processing rates of 1,800 tonnes per day by mid 2017.
• COSE and Joaquin projects. We obtained authorizations to initiate construction on the two mining projects located within ore trucking distance from our Manantial Espejo mine. At COSE, we have prepared the necessary project infrastructure and advanced 148 metres on the underground decline.
• Pan American acquired a 12.1% interest in New Pacific Metals Corp. (approximately 16.44% fully diluted) for approximately $22.7 million in November 2017. The acquisition provides Pan American with exposure to the Silver Sand Project, a highly prospective exploration project located in the Potosí Department of Bolivia.
• A 40% increase in the quarterly cash dividend to $0.035 per common share, approximately $5.4 million in aggregate cash dividends, has been approved by the Board of Directors. The dividend will be payable on or about March 16, 2018, to holders of record of Pan American's common shares as of the close on March 5, 2018. Pan American's dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada). As is standard practice, the amounts and specific distribution dates of any future dividends will be evaluated and determined by the Board of Directors on an ongoing basis.

http://news.panamericansilver.com/...-Operating-Activities-in-Q4-2017

 

Arbeiten in der Huaron Mine ausgesetzt - wegen Straßenblockaden

http://news.panamericansilver.com/...rations-Suspended-at-Huaron-Mine

 

Pan American Silver meldet Zahlen für Q1/18

Consolidated Q1 2018 Highlights:

• Production on track - Silver production was 6.1 million ounces and gold production was 46.2 thousand ounces. Zinc, lead and copper production were 14.7 thousand tonnes, 5.2 thousand tonnes, and 3.0 thousand tonnes, respectively.
  
• Costs tracking below guidance - AISCSOS were $6.98 and cash costs per payable ounce of silver, net of by-product credits, ("cash costs") were $1.18. Cash costs were the lowest in a decade, reflecting increased throughput, higher by-product credits, and lower treatment and refining charges. NRV inventory adjustments reduced AISCSOS by $0.94 per ounce in the quarter.
  
• Strong financial performance and balance sheet - Net cash generated from operating activities was $34.4 million, which factored in $32.2 million in tax payments and an $11.3 million use of cash from working capital changes. Net earnings were $48.2 million ($0.31 basic earnings per share), including an $8.0 million gain from the Company's sale of its 100% ownership of Minera Aquiline Argentina SA, which owns the Calcatreu project in Argentina. Adjusted earnings were $30.7 million ($0.20 basic adjusted earnings per share). At March 31, 2018, the Company had cash and short-term investment balances of $224.8 million, working capital of $448.7 million and $300.0 million available under its revolving credit facility. Total debt of $10.0 million was related entirely to finance lease liabilities.
  
• Major projects progress - At the Dolores expansion project, overall daily stacking rates of 21,000 tonnes were achieved in the quarter, and the new underground mine is on track to achieve targeted rates of 1,500 tonnes per day by year-end. Both the COSE and Joaquin projects in Argentina are progressing on schedule and in-line with management's budget.
• Guidance for 2018 maintained - The Company is maintaining its guidance of 25.0 to 26.5 million ounces of consolidated silver production at cash costs of $3.60 to $4.60 per ounce and AISCSOS of $9.30 to $10.80 in 2018. Guidance for sustaining capital expenditures of $100 to $105 million and $50 million for project capital is also unchanged.
  
• Quarterly cash dividend - The Board of Directors has approved a cash dividend of $0.035 per common share, approximately $5.4 million in aggregate cash dividends, payable on or about June 4, 2018, to holders of record of Pan American Silver's common shares as of the close on May 22, 2018. Pan American Silver's dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada). As is standard practice, the amounts and specific distribution dates of any future dividends will be evaluated and determined by the Board of Directors on an ongoing basis.
  

http://news.panamericansilver.com/...nings-of-48-2-million-in-Q1-2018

 

http://news.panamericansilver.com/...ty-Roadblocks-at-the-Huaron-Mine  

hohe Kriminalität in Mexiko führt zu Einschränkungen der Dolores Mine

http://news.panamericansilver.com/...n-Activities-at-the-Dolores-Mine

 

Mexiko ist ein heißes Pflaster!

https://www.japantimes.co.jp/news/2018/05/29/...threat-gang-violence/

 

Sicherheit rund um die Dolores-Mine hat sich nach Angaben von PAAS "verbessert"

https://steelguru.com/mining/...ver-update-on-the-dolores-mine/511347

 

Pan American Silver meldet Zahlen für Q2/18

Consolidated Q2 2018 Highlights:

• Production on track - Silver production was 6.3 million ounces and gold production was 53.4 thousand ounces. Zinc, lead and copper production were 14.9 thousand tonnes, 5.1 thousand tonnes, and 2.0 thousand tonnes, respectively. The Company is maintaining its annual 2018 production guidance for all metals except copper, which has been revised to a range of 9.0 to 10.4 thousand tonnes from 12.0 to 12.5 thousand tonnes.
  
• Record low cash costs per payable ounce of silver, net of by-product credits ("cash costs") of $0.92 reflect higher throughput, higher by-product credits and lower treatment and refining charges. AISCSOS were $6.45, including net realizable value inventory adjustments that reduced AISCSOS by $1.21 per ounce. Based on cash costs of $1.04 per ounce and AISCSOS of $6.71 for the six months ended June 30, 2018, and revised by-product metal price assumptions, management has lowered its annual guidance for 2018 cash costs to a range of $2.80 to $3.80 per ounce, and AISCSOS to a range of $8.50 to $10.00.
  
• Strong financial performance - Net cash generated from operating activities was $66.9 million. Net earnings were $36.7 million ($0.24 basic earnings per share). Adjusted earnings were $35.4 million ($0.23 basic adjusted earnings per share).
  
• Solid balance sheet - At June 30, 2018, the Company had a cash and short-term investment balance of $250.2 million, working capital of $463.1 million and $300.0 million available under its revolving credit facility.  Total debt of $9.7 million was related entirely to finance lease liabilities.
  
• Development projects - The COSE and Joaquin projects in Argentina are progressing on budget with $8.2 million invested during Q2 2018.
• Quarterly cash dividend - The Board of Directors has approved a cash dividend of $0.035 per common share, or approximately $5.4 million in aggregate cash dividends, payable on or about August 31, 2018, to holders of record of Pan American Silver's common shares as of the close on August 20, 2018. Pan American Silver's dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada). As is standard practice, the amounts and specific distribution dates of any future dividends will be evaluated and determined by the Board of Directors on an ongoing basis.
  

http://news.panamericansilver.com/...ion-or-0-24-per-share-in-Q2-2018

 

Pan American Silver meldet Ergebnisse für Q3/18

Consolidated Q3 2018 Highlights:

• Production on track - Silver production was 6.3 million ounces and gold production was 42.1 thousand ounces. Zinc, lead and copper production were 16.7 thousand tonnes, 5.7 thousand tonnes, and 2.6 thousand tonnes, respectively. The Company is on track to achieve the annual 2018 production guidance..
  
• Cash costs per payable ounce of silver, net of by-product credits, ("cash costs") were $5.24 per ounce and reflect lower by-product credits, primarily from decreased base metal prices, and higher operating costs, primarily due to the expanded operations at our Mexican mines. Partially offsetting the increases to cash costs were lower direct selling costs from improved contract terms for concentrate treatment and refining.
• All-in sustaining costs per silver ounce sold ("AISCSOS") were $13.73. Excluding non-cash NRV inventory adjustments, AISCSOS were $10.05. Based on YTD 2018 cash costs and AISCSOS, the Company is on track to achieve the annual 2018 cash costs and AISCSOS guidance, as previously lowered on August 8, 2018.
  
• Solid balance sheet - At September 30, 2018, the Company had a cash and short-term investment balance of $252.7 million, working capital of $443.6 million, and $300.0 million available under its undrawn revolving credit facility. Total debt of $8.4 million was related entirely to finance lease liabilities.
  
• COSE and Joaquin projects - Both projects remain on budget with $5.3 million invested during Q3 2018. The COSE project is progressing on schedule. At Joaquin, development of the decline has returned to planned levels after successfully negotiating an area of unexpectedly difficult ground conditions. The delay may result in extending completion of the project by approximately two months.
• Quarterly cash dividend - The Board of Directors has approved a cash dividend of $0.035 per common share, or approximately $5.4 million in aggregate cash dividends, payable on or about November 30, 2018, to holders of record of Pan American Silver's common shares as of the close on November 19, 2018. Pan American Silver's dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada). As is standard practice, the amounts and specific distribution dates of any future dividends will be evaluated and determined by the Board of Directors on an ongoing basis.
  

https://www.panamericansilver.com/investors/...1-7-million-in-q3-2018

 

Pan American Silver übernimmt Tahoe Resources für rund 1,1 Mrd. $

http://www.mining.com/pan-american-silver-buys-tahoe-resources-1-07-b/

 

PAAS bekommt von seinen Aktionären grünes Licht für die Tahoe Übernahme

http://www.mining.com/...holders-approve-tahoe-resources-acquisition/

 

PAAS meldet Produktionszahlen für 2018

• Q4/18 ~6,1Moz Silber und 37 koz Gold
  
• 2018 ~24,8 Moz Silber & 179 koz Gold
  
• 2019-Ausblick:
  
  • 26,5-27,5 Moz Silber
    
  • 162,5-172,5 koz Gold
    
  • AISCSOS 10,80-12,30 $/oz
    

https://www.panamericansilver.com/investors/...-and-guidance-for-2019

 

Produktionszahlen kommen am Markt nicht so gut an

http://www.mining.com/...ater-as-2018-results-slightly-below-targets/

 

Ich finde der Markt hat etwas überreagiert. So schlecht waren die Zahlen jetzt auch wieder nicht. Und auch 2019 wird PAAS als einer der wenigen Silberproduzenten profitabel sein. Interessant wird es nachdem die Übernahme von TAHO durchgezogen ist.

Ich spekuliere hier auf die Reaktivierung von "Escobal". Das würde haufenweise "Free Cashflow" in die Kasse von PAAS spülen!  

Post #183
https://www.ariva.de/forum/...en-silberpreis-210992?page=7#jumppos183  

Als Taho   Aktionär  der auf eine Wiederherstellung der Escoball mine spekuliert hat  bin ich ja fast gezwungen um weiter existenziell  von der Phantasie  zu leben PA Aktien zu kaufen. Bekomme zwar ein paar PA eingebucht demnächst aber das reicht mir noch nicht. Hätte  das Unternehmen nicht gekauft wenn es keine Gewinne macht und wenn es zu viele Schulden hätte. Aber kann mir einer im Forum vielleicht sagen warum AISC per ounce silver im Q3 2018 um 63% gestiegen ist auf 13,73 USD ? Q32017= 8,69 USD.    

Danke falls das jemand weiß  

P:s morgen nach Börsenschluss kommen die zahlen zum Q4 2018

https://www.panamericansilver.com/investors/...webcast-on-february-21