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0.000814663951120146 0.000814663951120146 -0.00325865580448058 -0.00203665987780044 0 0.000814663951120146 0.00203665987780044 -0.00558248472505086
Stock impact report

Gold volatility puts miners' margins under renewed pressure, Jefferies says [Yahoo! Finance]

Pan American Silver Corp. (PAAS) 
Last pan american silver corp. earnings: 2/19 07:59 pm Check Earnings Report
US:NASDAQ Investor Relations: panamericansilver.com/investors
Company Research Source: Yahoo! Finance
Gold prices are showing increased volatility, prompting renewed investor focus on cost discipline and margin resilience across the mining sector, according to analysts at Jefferies. The price of gold fell more than 3% to trade just abot $4,400 per ounce on Monday. The firm noted that bullion has pulled back significantly from earlier highs, with prices now up only about 1.4% year-to-date after gains of roughly 20% in January. At the same time, gold equities have lagged, with the GDX ETF down around 3.5%. “This recent pullback in gold prices has brought operating margins back to the forefront for investors,” the analysts wrote, particularly after a period in which elevated prices had masked underlying cost pressures. As prices ease, producers are facing greater scrutiny over their ability to sustain profitability. “Lower spot prices pressure top-line, making cost discipline the key differentiator among producers,” Jefferies wrote, adding that margin preservation is likely to o Show less Read more
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