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Pan American Silver Corp. (PAAS)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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33.36-1.30 (-3.75%)
At close: 4:00PM EDT
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  • J
    Jazenevd
    The bond yield jumped up in big way, apparently caused by CPI report this morning. In result, gold and silver dropped and, after some hesitation, gold/silver mining stocks joined the move.
    In general, higher inflation is bad for gold and silver, though the same inflation is good for mining. In total, gold/silver mining stocks perform in better than average manner in inflationary environment. However, they do still worse than some other miners.
  • P
    Perry
    with a rough earnings report, gold production estimates remains unchanged. I believe this is 55% gold to 45% silver company.
  • J
    Jazenevd
    @kbot In my opinion, strong broad market decline, both quick and slow variety, is very unlikely. Lot of liquidity, aka new money, around and this amount increases daily in very strong tempo, and all this “liquidity” wants to be invested. Every dip will be met by strong buying.
  • J
    Jazenevd
    Just in case someone wants to know where the earnings will be reported. It will be in after hours, and ,quite possible, late after house, because the company HQ is in Vancouver, Pacific time zone.
  • s
    steven
    My sense is that PAAS has passed a recent test on the “political” vote and should be reasonably safe till roughly the end of the month. Then I have a decision to make. I’m still trying to determine what percentage of sales and profits PAAS derives from Peru.
  • m
    mary minnekeer
    Gold and silver should be flying higher today with the hot CPI ,wonder how much paper they are pushing today to manipulate it down
  • J
    Jazenevd
    @kbot You are totally correct that Peruvian exposure is significant, while political risk is real. I substantially reduced my position here, moving proceeds to gold miners and other sectors.
  • s
    steven
    Don’t you find the risk here too high relative to the potential reward with potential socialism and the threat of mine closures. Or do you see exceptional upside that offsets these threats?
  • K
    Kbot
    Less than 20K shares after hours caused the price to go down 5%. Seems suspect. The inventory build will be mostly sold this quarter, boosting Q2 earnings. The mark to market adjustment on the investment isn't a real expense and starting next quarter they won't even be using that accounting method. The ventilation raise at La Colorada is challenging, but will be worked through for sure. Covid related workforce is an ongoing issue with many miners in South America. A few miners got smacked initially on earnings releases and bounced back hard such as PVG and even a questionable one like CDE. Will be interesting to see what they say on the conference call. So far, this seems like a very low volume overreaction this evening, and the report has been out for a few hours now.
  • T
    Tom
    I just read on zero hedge that Peru has a very good chance of turning socialist they want 70% of the Profits to go back into the country Peru is the largest silver supplier in the world if this starts to gain traction you’re going to see physical Silver go much much higher than I ever anticipated keep an eye on this
  • M
    MDR
    funds selling to shore up equity losses. will reverse.
  • T
    THE "GREAT ONE"
    BOYS...I MADE A RATHER LARGE PURCHASE AT 33.75.....WISH I HAD BOUGHT MORE. TOMORROW OR THURSDAY ...COULD BE A PULLBACK BUT I SAY ITS UNLIKELY !!!! WE MAY HAVE SEEN THE LOW AT 33.35.
  • M
    Mario
    Cheers from Peru guys. We had two polls here yesterday indicating a technical tie between fujimori and the communist. Fujimori has come back from 15 points down. You cant imagine how people in Lima are all scared. Massive billboards have popped in the city warning against communism and saying that we would become venezuela 2.0. Poor people from the interior of the country and fujimori haters are the Castillo voters, but the scare tactics seem to be working.
  • J
    Jazenevd
    @steven It is unknown at the moment what exactly can happen in Peru if left wing candidate wins elections next month. It is assumed, by many bad examples, that miners will suffer higher taxes or even something worse. It is a real risk for every miner with assets in the country.
  • P
    P K
    Pro Tip - Master Technicals showing no lower than 26 for a bounce level to eyeball so there should be no panic if our BAse is long and did NOT heed our warnings to ditch any miner not yet reporting yearnings!! Why anyone would hold through earnings within a secular bear sector is puzzling to say the least. We will ID a nice buy level for a one or two-day momentum bounce trade, mmkay. Gord speed. Let's hope longs and shorts do as well as Stable Geniuses!!
  • m
    mary minnekeer
    After that 266000 jobs report,the markets go back up ,and gold and silver get beaten down again as usual .All silver producers should hold back as much silver in inventory until it hits 50$,and get rid of all the paper pushers.
  • J
    Jazenevd
    Very bad report. Many operational issues on various mines. It is quite unusual for this company and outright disappointing. Frankly, I do not see a good reason to buy shares back, will keep few remaining shares in closet until next year.
  • s
    steven
    Jazenevd: I recognize and appreciate your expertise and semi-insider’s knowledge. Are there any other silver miners that you like? Do you not find the risk with PAAS too high relative to the potential reward? I’m nervous.
  • s
    steven
    Got out today.
  • S
    Sharon
    I put in a order at open at 32.00 ouch!! for 1500 shares