trending Market Intelligence /marketintelligence/en/news-insights/trending/atw2xsomcigvl6-eh0kwow2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Pan American Q1 earnings more than double YOY on higher revenues, lower costs

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020


Pan American Q1 earnings more than double YOY on higher revenues, lower costs

Pan American Silver Corp.'s net earnings in the first quarter more than doubled on a yearly basis, driven in part by higher revenues and lower costs as well as an US$8 million gain from the sale of the Calcatreu gold project in Argentina in February.

The company reported net earnings of US$48.2 million, or 31 cents per share, up from US$20.0 million, or 13 cents per share a year ago.

Revenues, meanwhile, stood at US$207.0 million, rising from US$198.7 million in the prior-year period.

Pan American recorded cash costs of US$1.18 per ounce, which were the lowest in a decade, showing increased throughput, higher by-product credits, and reduced treatment and refining charges.

Silver and gold production came in at 6.1 million ounces and 46,230 ounces, respectively, compared to 6.2 million ounces and 37,700 ounces reported in the prior-year period.

The company also produced 14,700 tonnes of zinc, 5,200 tonnes of lead and 3,000 tonnes of copper, compared to 12,800 tonnes of zinc, 5,300 tonnes of lead and 3,200 tonnes of copper a year ago.

Pan American maintained its full-year guidance of 25.0 million to 26.5 million ounces of consolidated silver production at cash costs of US$3.60 to US$4.60 per ounce. Its outlook for sustaining CapEx also remains unchanged at between US$100 million and US$105 million.

As of March 31, the company had a cash and short-term investment balance of US$224.8 million, and no debt. Its board declared a dividend of 3.5 cents per share, payable by June 4 to shareholders on record at the close of business on May 22.