Friday, March 14, 2025

Silver is often overlooked as an investment and a safe haven. Pan American Silver (PAAS) is a world leader in silver production!

 


As of March 14, 2025, Pan American Silver Corp. (NASDAQ: PAAS) has reported robust financial and operational performance for the fiscal year ending December 31, 2024. Below is a comprehensive overview of the company's financials, production metrics, and asset portfolio.​

Financial Performance

  • Revenue: The company achieved record revenues totaling $2.8 billion for the full year 2024.Stock Titan+1tipranks.com+1

  • Net Earnings: Net earnings for FY 2024 were reported at $112.7 million, translating to basic earnings per share of $0.31.tipranks.com+2Stock Titan+2Investing News+2

  • Cash Flow: Pan American Silver generated record cash flow from operating activities amounting to $724.1 million in 2024.Investing News

Cash and Cash Equivalents

Operating Costs

Production in 2024

Mine Production Details

As of March 14, 2025, Pan American Silver Corp. operates the following mines across the Americas:

Mexico:

Peru:

  • Huarón Mine: Located in the Pasco Region, this mine is known for its polymetallic deposits, including silver, zinc, lead, and copper.en.wikipedia.org

Bolivia:

  • San Vicente Mine: Situated in the Potosí Department, this mine produces silver, zinc, and lead.en.wikipedia.org

Argentina:

  • Cerro Moro Mine: Located in Santa Cruz, this mine produces both silver and gold.en.wikipedia.org

Brazil:

Chile:

  • El Peñón Mine: Located in the Antofagasta Region, this mine produces both gold and silver.panamericansilver.com

  • Minera Florida Mine: Situated in the Santiago Metropolitan Region, this mine produces gold, silver, and zinc.en.wikipedia.org

Canada:

  • Timmins Mine: Located in Ontario, this is a gold-producing mine.

  • Whitney Mine: Situated in Ontario, this mine is part of the company's gold segment.panamericansilver.com

Peru:

  • Shahuindo Mine: Located in the Cajamarca Region, this mine produces gold and silver.

These operations underscore Pan American Silver's extensive mining activities across the Americas, focusing on the production of silver, gold, zinc, lead, and copper.panamericansilver.com+2panamericansilver.com+2panamericansilver.com+2

Total Assets and Mineral Reserves

  • Total Assets: As of December 31, 2024, Pan American Silver's total assets were valued at approximately $6.5 billion.

  • Mineral Reserves:

    • Proven and Probable Silver Reserves: Approximately 550 million ounces.
    • Proven and Probable Gold Reserves: Approximately 5.8 million ounces.panamericansilver.com

These figures underscore Pan American Silver Corp.'s strong financial health, efficient operational management, and substantial asset base, positioning the company favorably within the precious metals industry.

ED Note:

Bought some shares today!

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