Pan American Silver ( (PAAS) ) has released its Q4 earnings. Here is a breakdown of the information Pan American Silver presented to its investors.
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Pan American Silver Corp. is a leading producer of precious metals, primarily operating silver and gold mines across the Americas, with a strong focus on sustainability and operational excellence.
The company reported its 2024 financial results, showcasing record revenues and cash flows driven by strong metal prices and robust operating performance. Pan American Silver also provided an outlook for 2025, emphasizing continued strong operating margins.
In 2024, the company achieved record revenues of $2.8 billion and net earnings of $112.7 million. Silver and gold production remained within guidance, with 21.1 million ounces of silver and a record 892.5 thousand ounces of gold produced. Cash flows from operations reached $724.1 million, while free cash flow stood at $445.1 million. The company maintained strong liquidity with $1.6 billion available.
For 2025, Pan American projects silver production between 20 to 21 million ounces and gold production between 735 to 800 thousand ounces. The company expects all-in sustaining costs (AISC) to decrease over the year, supported by infrastructure improvements and strategic cost management measures.
Looking ahead, Pan American Silver is well-positioned to maintain its financial health and deliver shareholder value through dividends and share buybacks, while pursuing strategic initiatives with a focus on sustainable operations.
