PAAS - Pan American Silver: Significant Margin Expansion On Deck In Q2
2024-05-28 18:00:00 ET
Summary
- Pan American Silver had a decent Q1 despite it being the weakest quarter of the year, with silver production set to progressively improve throughout the year.
- Meanwhile, although silver segment margins dipped year-over-year, this did not factor in the recent silver price rise, with AISC margins set to soar in Q2 & improve further in Q3/Q4.
- In this update, we'll dig into the Q1 results, recent developments, and what makes Pan American one of the more attractive ways to get silver exposure.
We're nearing the end of the Q1 Earnings Season for the Global X Silver Miners ETF ( SIL ), and while quite a few silver producers started the year off generating positive free cash flow, Pan American Silver Corp. ( PAAS ) was not one of them. However, the company put together a decent Q1 in what was set to be the weakest quarter of the year and the company's Q2 outlook is significantly better. While the outlook for Q2 is better, benefiting from higher metals prices (gold, silver, zinc), lower all-in sustaining costs [AISC], and higher silver production.
In this update, we'll dig into the Q1 results, recent developments, and what makes Pan American one of the more attractive ways to get silver exposure assuming the stock is purchased on sharp pullbacks....
Pan American Silver: Significant Margin Expansion On Deck In Q2