Monday, June 15, 2015

Pan American Silver Corp. - PAA.t

Pan American Silver Corp. - PAA.t is the second largest primary silver mining company in the world, with eight operating silver mines in Peru, Mexico, Argentina and Bolivia.

The Company completed the acquisition of Minefinders Corporation Ltd.

On May 11, 2015 the company released numbers

"Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) ("Pan American", or the "Company") today reported unaudited results for the quarter ended March 31, 2015. The following table displays the key operational and financial highlights.

First Quarter 2015 Highlights (unaudited)

•Silver production of 6.08 million ounces
•Gold production of 37,500 ounces
•Consolidated All-in Sustaining Costs per Silver Ounce Sold, net of by-product credits of $14.24
•Consolidated cash costs of $11.71 per silver ounce, net of by-product credits
•Revenue of $178.1 million
•Mine operating earnings of $2.6 million
•Cash flow generated by operating activities of $11.9 million, or $0.08 per share
•Adjusted loss(4) of $19.9 million or $(0.13) per share.

Financial Position at March 31, 2015

•Cash and short term investments of $292.4 million
•Working capital(5) of $488.5 million
•Total debt of $65.3 million