Stock is moving lower in pre market as you predicted, but the entire sector is moving down. Do you see PAAS making a new 52 week low?
should be an interesting trading day to say the least...with them missing badly and silver down a bunch.
Im starting to get the feeling that these miners have another 30-50% to fall but maybe the fact that I am thinking this way signifies a bottom.
I cannot justify any purchases of PAAS for the time being.
A fairly easy read.. was my thought
Points of Interest:
Physical shares get paid.. again
Geoff Burns: "on track to deliver on our full year guidance for both silver production and Cash Costs".
Huaron and Morochocha: generated over $38 million in operating cash flow. This was more than sufficient to cover our on-going sustaining capital needs, as well as fund the major part of the third dividend payment of 2014." Silver and gold contributed 56% and 25% respectively to the Company's consolidated revenue, while revenue from base metals rose to 19% from 14% a year ago.
Copper production rose by 60% to 2,400 tonnes on account of higher grades at the Company's Peruvian operations. The Company's Board of Directors has approved the fourth quarterly cash dividend of 2014 in the amount of $0.125 per common share.
The cash dividend will be distributed on or about Monday, December 8, 2014 to holders of record of common shares as of the close of business on Tuesday, November 25, 2014.
Stock lost 40% already between reports. At some point enough is enough if they are not burning too much cash.
They are on their targets. They didn't lower anything. Silver stays this low they adjust and maybe will not add any cash to the coffers for a while but as long as they hold steady here they will be ready when silver turns north.
I am surprised they kept the dividend fully intact. Cash flow seems to support it. If prices dont rebound i assume it is gone next quarter, as it should be. Hopefully they keep as much in the ground as possible until prices rebound
the total production cost per oz was 17.55
The 4 different numbers you see in there were:
cash coast 12.29 per oz.
cash cost per ounce is calculated by dividing the total cash cost, net of by product credits by the total silver ounces produced at the mines which is kind of a loose metric because it done not include the cost of sales of other by products but makes the numbers look good. It accounts for by-product credits, on site admin cost, smelting refining and transport, royalties and and production taxes and production cost. It alone would lead one to believe they made a killing off their silver production but does not account for sustaining cost of stripping and mine development and exploration, corporate general and admin cost, and sustaining capex.
Total production cost 17.55 per oz.
which is the answer to your question which means this metric includes mine operating cost such as mining, processing, admin,royalties, and operation taxes but excludes amortization, reclamation, financing and capital development and exploration cost as well as certain kinds of stock based compensation. it s a good metric but its not all inclusive.
All In Sustaining Cost 20.50 per silver oz accounting for NRV Credits
which is the all-in cost sold accounting for net realizable value credits which are the value of an asset that can be realized on the sale or eventual disposal of the asset or in other words the selling price less selling costs and costs to complete. Okay to use but can be confusing if you don't understand it.
All in Sustaining Cost 18.03 per silver oz not accounting for NRV
which is the all-in cost sold excluding the net realizable value credits is probably the best metric to use as it expresses the real margins well and seems the most straight forward however does not account for losses of asset sale so would be less desirable than accounting for NRV credits when it comes to reporting for tax purposes. This is the number I go by.
Earnings report was worse than expected but the dividends has not been cut ,... at least for now. But the adjusted loss was 9 cents a share and net loss was 13 cents.
You were right about one thing earnings did surprise, but not in good way... PAAS reported a an adjusted loss of 9 cents a share it was a negative surprise so i doubt we will be seeing that 10 unless silver and gold prices surge. I honestly thought it would be a positive report myself.
.04 cents is expected...will divvy be slashed? what will guidance be?
AIl in costs for producing is just under 17 at moment, so PAAS is bleeding now.
My guess is they will cut divy in half.