Silver Prices Have Collapsed and Now Miners May Be Next [TheStreet.com]
Pan American Silver Corp. (PAAS)
Last pan american silver corp. earnings: 2/19 07:59 pm
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US:NASDAQ Investor Relations:
panamericansilver.com/investors
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Source: TheStreet.com
Some primary silver producers are no doubt feeling pain these days after the sell-off in silver prices so far this year, but don't look for major supply cutbacks any time soon, analysts said. That's because it costs so much to shut down and restart mines that companies will put up with a loss on operations for an extended time before doing anything as drastic as mine closures, they explained. Further, companies have become leaner in recent years, thus some of the major producers - such as Pan American Silver Corp. ( PAAS ) -- likely are still profitable at current prices, they added. I don't think this move lower here will have an effect on mining supply, said Ryan McKay, commodity strategist at TD Securities. Comex September silver fell as far as $14.315 an ounce on Thursday, the lowest level since early 2016. At this juncture, prices are down 19% from the early-2018 high. The majority of the word's silver is mined as a by-product of other metals, such
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PAAS
News
- SIL: Silver Prospects Look Good, But SIL May Not Necessarily Benefit [Seeking Alpha]Seeking Alpha
- Pan American Silver (PAAS) Flat As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Pan American Silver: Has The Potential To Improve Performance Significantly [Seeking Alpha]Seeking Alpha
- Pan American Silver Corp. (NYSE: PAAS) had its price target raised by analysts at Jefferies Financial Group Inc. from $14.00 to $17.00. They now have a "hold" rating on the stock.MarketBeat
- Pan American Silver (PAAS) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
PAAS
Earnings
- 2/21/24 - Miss
PAAS
Sec Filings
- 4/9/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/1/24 - Form 6-K
- PAAS's page on the SEC website