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Pan American Silver Corp. (PAAS)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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24.39-0.25 (-1.01%)
At close: 4:00PM EDT
24.60 +0.21 (0.86%)
After hours: 07:02PM EDT
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  • k
    ken
    GOLD DOWN OVER $30.00...WHAT DOES IT MEAN ?...
  • m
    mary minnekeer
    About time to stop the DAILY manipulation in gold and silver ,mayor miners should take a page of the uranium miners ,take silver and gold off the market ,or keep it in inventory ,form a cartel ,until the paper pushers are out of the marker and stop the bullion banks from setting the paper price.
  • J
    Jakob
    Just getting crushed here. Makes me think back to the comic time when there was limited inventory at the dealers and that WSB's was coming in to create the short squeeze. Oh well. My cost basis is $3.76 from almost 20 years ago. The ups and downs have been crazy. Luck to you all!
  • w
    winmore
    Breakdown. No support calculated. Can test 23.94 hopefully will bounce there, but if not watch out.
  • S
    Silvernashers
    WOWsiE DowsiE is gettinG HAMMERED and pigeons secular tUrdle is UP! JpM not helpinG UsA patriots. Hmm?! TurdLes learN from Master ChartistIAns. haha
    Bullish
  • S
    Silvernashers
    Check out chinese miners : Zijin and Shandong.. Last 14 days up 25%... These price rallies now coming to western mining space as well me thinks.
    Bullish
  • H
    Hakan
    Hold on, people! Adrian Day's latest newsletter (yesterday) on PAAS:

    PAN AMERICAN ON TRACK FOR FULL YEAR AFTER TOUGH MONTHS
    Pan American Silver (PAAS, Nasdaq, 23.93) has been through a rough patch. Over the past year, the company mined only 75% of previous silver output, mostly due to covid- restrictions in Peru and Mexico, as well as a ventilation problem at La Colorada mine in Mexico. Repairs are well underway, allowing access to a high-grade portion of the mine, and the company expects production to ramp back up by the end of the year, and overall expects to be back to 2019 output by the first quarter. Gold production stayed steady.

    Overall, the second quarter saw a small improvement on the first quarter, though still below previous expectations. However, the company should have a strong finish to the year, as these particular issues are resolved, and delayed shipments from the second quarter add to this quarter’s shipments and revenue.
    In addition to lower production, year-end reserves fell sharply, silver by approximately the same as last year’s production and gold by one-and-a-half times production, some of this due to asset sales. The company is likely to continue to sell marginal assets to focus on its core mines; it favors high-grade and low capex projects.
    The company has a strong balance sheet, with over $140 million net cash as well as shares in other companies, including Maverix, a royalty company it helped spawn. The dividend was boosted by 3 cents to 10 cents a quarter, for a yield of 1.7%.

    Progress made at high-potential, on-hold projects:

    Though neither this year so far nor indeed last year were positive ones for Pan Am, two large, longer-term projects are slowly making progress. The Guatemalan government ordered a cultural and spiritual study, though the third public meeting on the issue was postponed from July because of covid. The courts ruled that the government had not undertaken sufficient consultation with local people when it approved the Escobal mine under prior ownership. Pan Am has been very cautious of providing any timeline on when the mine, the third largest silver mine in the world, might restart.
    In Argentina, where Pan Am owns the large, undeveloped Navidad project, the provincial legislature rejected a bill that would have prohibited mining in all the province. It has not yet voted on a bill to allow mining in some areas. Navidad is in a less sensitive part of

    the province but has been caught up in a province-wide ban on open-pit mining which effectively prohibited the mine from moving forward. Navidad is one of the largest undeveloped silver mines in the world.
    With strong management and solid balance sheet, recovery of production as La Colorada’s issues are fixed, Pan Am is a very strong buy at this level. (Option investors could sell September 24 puts for $1.10, almost 5% premium for one month, with an extremely attractive purchase price if the stock were put.)
  • m
    mary minnekeer
    As usual gold and silver stocks get manipulated lower for the close,
  • P
    P K
    Notice how PPT juicing dowzie doodle to regain 5O DMA whilst PM space is collapsing within the secular bear crash down channel!! Very plain. Very obvious. Mos terdfarmers going woopsy ploopsy and falling through dipsy doodle support as our friends at JPM telegraph their intent!!
  • J
    Jazenevc
    Chubut-Navidad news. Local press reports that the provincial government made an official decision to postpone legislative debate on mining zoning project until this year elections are over. The elections are scheduled for November and it means, essentially, that the debate will wait till 2021.
  • m
    mary minnekeer
    As usual gold and silver manipulated lower, paper games goes on
  • m
    mary minnekeer
    Usual manipulation lower in US trading???
  • P
    P K
    We just picked up a little more in this name at mid 24's. We will address strategy of taking long position in secular bear crash sector. Pips will be very intrigued by our Geniosity!!!
  • m
    mary minnekeer
    Amazing that gold and silver stocks can never close at a high ,it could not be manipulation you think .
  • w
    wizardofwallstreet
    watch taking any advise from the above, not so "greatbarontrump". he's known as the BARRON OF LOSSES or DUKE OF DEBT..
  • k
    kashif
    What’s wrong with this stock ?most of other miners are green today, this is still end up red.
    Bearish
  • m
    mary minnekeer
    And the manipulation in gold and silver goes on,
  • m
    mary minnekeer
    I think we need to add a few trillion more to the debt to bring gold and silver down some more ??
  • J
    Jazenevc
    Quarterly report has been released. Numbers are weak, though the report can be still qualified as mixed, because it says that the company finally fixed Colorada ventilation. Perhaps, tomorrow gold price will define market reaction.
  • P
    P K
    Pretty neat how we advertised we were accumulating this in 24/25 area.