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Pan American Silver Corp (PAAS.TO)

PAAS.TO on Toronto Stock Exchange

16.94CAD
18 Apr 2019
Change (% chg)

$-0.27 (-1.57%)
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Volume
335,228
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419,796
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$24.22
52-wk Low
$16.05

Latest Key Developments (Source: Significant Developments)

Pan American Silver Says Definitive Agreement To Acquire All Outstanding Shares Of Tahoe Resources
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Pan American Silver Corp ::PAN AMERICAN SILVER AND TAHOE RESOURCES CREATE THE WORLD'S PREMIER SILVER MINING COMPANY.ENTERED INTO A DEFINITIVE AGREEMENT FOR PAN AMERICAN TO ACQUIRE ALL OF OUTSTANDING SHARES OF TAHOE.SHAREHOLDERS OF TAHOE ENTITLED TO ELECT TO RECEIVE COMMON SHARES OF CO AND/OR CASH IN EXCHANGE FOR THEIR SHARES OF TAHOE.TAHOE SHAREHOLDERS MAY ELECT TO RECEIVE US$3.40 IN CASH OR 0.2403 PAN AMERICAN SHARES FOR EACH TAHOE SHARE.DEAL'S BASE PURCHASE PRICE $1,.07 BILLION.PAN AMERICAN SILVER- TAHOE SHAREHOLDERS TO RECEIVE CONTINGENT CONSIDERATION IN FORM OF CONTINGENT VALUE RIGHTS.CONTINGENT VALUE RIGHTS WILL BE EXCHANGED FOR 0.0497 PAN AMERICAN SHARES FOR EACH TAHOE SHARE, CURRENTLY VALUED AT $221 MILLION.BOARD OF DIRECTORS OF PAN AMERICAN HAS UNANIMOUSLY APPROVED TRANSACTION.BOARD OF DIRECTORS OF TAHOE UNANIMOUSLY APPROVED TRANSACTION.TOTAL CONSIDERATION, INCLUDING BASE PURCHASE PRICE AND CONTINGENT PURCHASE PRICE, IS US$4.10 PER TAHOE SHARE.  Full Article

Pan American Silver Corp Qtrly ‍Basic Adjusted Earnings Per Share​ $0.13
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Pan American Silver Corp ::ANNOUNCES $79.3 MILLION IN NET CASH GENERATED FROM OPERATING ACTIVITIES IN Q4 2017​.‍GOLD PRODUCTION WAS 43.7 THOUSAND OUNCES IN Q4 2017 COMPARED WITH 43.9 THOUSAND OUNCES IN Q4 2016​.BOARD APPROVED ‍A 40% INCREASE IN QUARTERLY CASH DIVIDEND TO $0.035 PER COMMON SHARE​.‍REVENUE OF $226.0 MILLION IN Q4 2017 WAS UP 19% FROM Q4 2016​.QTRLY ‍BASIC EARNINGS PER SHARE​ $0.32.QTRLY ‍BASIC ADJUSTED EARNINGS PER SHARE​ $0.13.Q4 EARNINGS PER SHARE VIEW $0.18, REVENUE VIEW $213.2 MILLION -- THOMSON REUTERS I/B/E/S.‍NO REVISIONS TO OUTLOOK FOR YEARS 2018 TO 2020​.  Full Article

Pan American Silver Sees 2018 Total Gold Production 175.0 - 185.0 Thousand Ounces
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Pan American Silver Corp ::PAN AMERICAN SILVER ANNOUNCES PRELIMINARY 2017 OPERATING RESULTS PROVIDES GUIDANCE FOR 2018 AND THREE-YEAR OUTLOOK.PAN AMERICAN SILVER CORP - PAN AMERICAN'S 2018 CAPITAL BUDGET IS TARGETING A TOTAL SPEND OF $150 TO $155 MILLION.PAN AMERICAN SILVER CORP - SEES 2018 TOTAL SILVER PRODUCTION 25.0 - 26.5 MILLION OUNCES.PAN AMERICAN SILVER -OVER NEXT THREE YEARS, EXPECT SILVER PRODUCTION TO GROW AT ANNUAL COMPOUNDED RATE OF 8PCT, REACHING 30.5 TO 33.0 MILLION OUNCES BY 2020.PAN AMERICAN SILVER - SEES 2018 TOTAL GOLD PRODUCTION 175.0 - 185.0 THOUSAND OUNCES.PAN AMERICAN SILVER CORP - SEES 2020 SILVER PRODUCTION 30.5 - 33.0 MILLION OUNCES.PAN AMERICAN SILVER - SEES 2019 SILVER PRODUCTION 27.7 - 29.7 MILLION OUNCES.PAN AMERICAN SILVER CORP - SEES 2020 GOLD PRODUCTION 165 - 179 THOUSAND OUNCES.PAN AMERICAN SILVER CORP - SEES 2019 GOLD PRODUCTION 183 - 193 THOUSAND OUNCES.PAN AMERICAN SILVER CORP - SEES Q4 2017 GOLD PRODUCTION 43.7 THOUSAND OUNCES.PAN AMERICAN SILVER CORP - Q4 2017 PRELIMINARY SILVER PRODUCTION 6.6 MILLION OUNCES.  Full Article

Orex, Canasil And Pan American Sign Letter Of Intent To Advance Exploration In Sandra Escobar Mining Camp
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Orex Minerals Inc ::OREX, CANASIL AND PAN AMERICAN SIGN LETTER OF INTENT TO ADVANCE THE EXPLORATION IN THE SANDRA ESCOBAR MINING CAMP, DURANGO STATE, MEXICO.OREX MINERALS INC - OREX-CANASIL JV WILL GRANT TO PAN AMERICAN AN UNDIVIDED 10% INTEREST IN SANDRA PROPERTY.OREX MINERALS- IN 4 YEARS AFTER DEFINITIVE AGREEMENT, PAN AMERICAN TO HAVE RIGHT TO EARN 41% MORE INTEREST IN SANDRA PROPERTY VIA SOME CONTRIBUTIONS.OREX MINERALS - UPON COMPLETION OF REQUIRED FINANCIAL CONTRIBUTIONS BY ALL PARTIES, PAN AMERICAN WILL HOLD AN UNDIVIDED 51% INTEREST IN PROPERTIES.OREX MINERALS - UPON COMPLETION OF REQUIRED FINANCIAL CONTRIBUTIONS OREX-CANASIL JV WILL HOLD UNDIVIDED 49% INTEREST IN ESCOBAR AND SANDRA PROPERTIES.  Full Article

Pan American Silver Corp Q3 basic adjusted earnings per share $0.15‍​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Pan American Silver Corp ::Pan American Silver Corp Q3 basic adjusted earnings per share $0.15‍​.Pan American Silver Corp Q3 basic earnings per share $0.11.Pan American Silver Corp Q3 revenue $190.8 million versus $233.6 million.Pan American Silver Corp qtrly ‍silver production of 5.89 million ounces compared with 6.36 million ounces in Q3 2016​.Pan American Silver qtrly ‍gold production was 40.8 thousand ounces compared with 50.4 thousand ounces recorded in Q3 2016​.Q3 earnings per share view $0.14, revenue view $193.9 million -- Thomson Reuters I/B/E/S.Pan American Silver - 2017 silver production guidance of 24.5 - 26.0 million ounces​.  Full Article

Maverix Metals announces signing of $20 mln credit agreement
Monday, 31 Jul 2017 

July 31 (Reuters) - Maverix Metals Inc ::Maverix Metals announces signing of US$20,000,000 credit agreement and exercise of participation rights by Pan American Silver.Maverix Metals announces signing of US$20,000,000 credit agreement and exercise of participation rights by Pan American Silver.Maverix Metals Inc - subscribe for 5 million common shares of Maverix on non-brokered private placement basis for gross proceeds to maverix of C$6.75 million.Maverix Metals Inc - CEF agreed to provide maverix with a US$20 million senior secured term loan facility.Maverix Metals Inc - upon closing of financings, Pan American Silver will own about 36% of total issued and outstanding common shares of company.Maverix Metals Inc - Pan American Silver will exercise its anti-dilution rights in connection with CEF private placement.Maverix Metals Inc - Maverix intends to use proceeds from debt and equity financings to acquire additional precious metals royalties and streams.Maverix Metals - Pan American Silver to subscribe for 2.3 million common shares on non-brokered private placement basis at price of C$1.35 per common share.Maverix Metals Inc - Maverix intends to use proceeds from debt and equity financings to acquire additional precious metals royalties and streams.  Full Article

Brixton Metals to acquire mine from Pan American Silver
Thursday, 22 Jun 2017 

June 22 (Reuters) - Brixton Metals Corp ::Brixton Metals to acquire the past-producing hog heaven mine from pan american silver with historical estimate of 47.3 million ounces of silver.Brixton Metals Corp - agreement provides that Brixton will issue $1 million in common shares of company to pan american on closing of transaction.Brixton Metals - entered asset purchase and sale agreement with Pan American Silver Corp. to acquire 100 percent interest in hog heaven project.  Full Article

Pan American Silver announces qtrly earnings per share $0.13
Tuesday, 9 May 2017 

May 9 (Reuters) - Pan American Silver Corp :Pan American Silver announces unaudited net earnings of $20.0 million ($0.13 per share) for the first quarter of 2017.Qtrly gold production was 37.7 thousand ounces compared with 41.2 thousand ounces in q1 2016.Qtrly silver production was 6.20 million ounces compared with 6.42 million ounces in Q1 of 2016.Says consolidated all-in sustaining costs per silver ounce sold were $12.63 in q1 2017 compared with $13.12 in Q1 2016.Qtrly revenue of $198.7 million was 26% higher than $158.3 million reported in q1 2016.Qtrly basic adjusted earnings $0.06 per share.Qtrly basic earnings per share $0.13.Q1 earnings per share view $0.10, revenue view $184.9 million -- Thomson Reuters I/B/E/S."expansion of dolores mine is on track with underground mine development scheduled for completion in 2017"."There have been no revisions to pan american's guidance for 2017, as provided in its press release dated January 12, 2017".  Full Article

CANADA STOCKS-TSX falls in broad-based declines amid global equity gloom

Jan 21 Canada's main stock index fell on Monday in broad-based declines led by shares of material companies echoing a weaker tone on global stock markets after data showed economic growth in China for 2018 was its slowest in almost three decades.