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Pan American Silver (PAAS)
:PAAS
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.37Last Year’s EPS
-0.04Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -4.37%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record revenues and cash flow, improved operations at key sites, and positive mineral resource updates. However, the company also faced challenges with weather-related production delays, higher costs in the silver segment, and ongoing delays in the Escobal Mine consultation process.Company Guidance
In the Q3 2024 earnings call for Pan American Silver, the company reported strong financial performance with a record revenue of $716.1 million, despite excluding approximately $30 million in sales from finished goods and concentrate inventories. Cash flow from operations before working capital changes was a record $235.8 million, while free cash flow reached $151.5 million. The company strengthened its balance sheet, reducing net debt to $376.2 million and increasing cash and short-term investments to $469.9 million. Pan American Silver announced a $0.10 per share dividend for Q3, adding to the year-to-date total of $109.1 million in dividend payments. The company also repurchased and canceled shares worth $24.3 million. Net earnings for Q3 were $57.1 million, or $0.16 per share, with adjusted earnings at $115.1 million, or $0.32 per share. They received regulatory approval for the sale of La Arena in Peru, expecting to close the transaction in Q4, which would further bolster their financial position with a $245 million sale and additional royalty agreements. The company produced 5.5 million ounces of silver and 225,000 ounces of gold in Q3, with notable improvements in operations at La Colorada and Jacobina. While silver production is expected to be at the lower end of the 21 to 23 million-ounce guidance range for 2024, capital projects like the new filter plant at Huaron are on track for completion by Q1 2025. The company also highlighted progress in exploration and resource updates, particularly at the La Colorada Skarn project, while noting ongoing challenges at Escobal due to regulatory processes. Overall, Pan American Silver is optimistic about achieving its production targets and managing costs effectively, anticipating a strong finish to the year.Record-Breaking Financial Performance
Pan American Silver delivered record revenue of $716.1 million, record cash flow from operations before working capital changes of $235.8 million, and record free cash flow of $151.5 million.
Strengthened Balance Sheet
The company's cash and short-term investments increased by $101.3 million compared to Q2 2024, with net debt decreasing to $376.2 million, and available liquidity reaching $1.2 billion.
Operational Improvements at La Colorada
Silver production at La Colorada increased by 59% and cash costs decreased by 26% compared to Q2, with throughput rates improving significantly.
Positive Developments in Mineral Resources
La Colorada's Skarn project saw a 53% increase in indicated mineral resource and exploration added 1.2 million ounces of new gold inferred mineral resource at Jacobina.
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PAAS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $22.43 | $22.36 | -0.31% |
| Aug 07, 2024 | $19.26 | $18.40 | -4.47% |
| May 08, 2024 | $18.36 | $20.33 | +10.73% |
| Feb 22, 2024 | $12.64 | $12.35 | -2.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pan American Silver (PAAS) report earnings?
Pan American Silver (PAAS) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Pan American Silver (PAAS) earnings time?
Pan American Silver (PAAS) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAAS EPS forecast?
PAAS EPS forecast for the fiscal quarter 2024 (Q4) is 0.37.
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