会议主要讨论的核心内容 - 公司拥有10年投资银行从业经验,专注于上市公司和行业研究,擅长解读公司财报、行业动态和宏观市场 [1] - 公司在美洲拥有广泛的资产组合,分布在7个不同国家,具有丰富的拉丁美洲运营经验 [5][6] - 公司有两大重要催化剂:La Colorada Skarn大型锌铅银矿床和Escobal银矿 [7][8] - 公司通过收购Tahoe Resources和Yamana Gold大幅扩大了规模,增加了金产量并提升了银产量 [9][30] - 公司拥有全球最大的银储量,达4.68亿盎司,是行业内最大的纯银生产商之一 [10][12] - 公司保持谨慎的资产负债表管理,有较低的债务水平,并有良好的股东回报记录 [11][28] 问答环节重要的提问和回答 - 分析师询问公司今年第二季度银产量较全年指引偏低的原因,公司解释是由于La Colorada矿通风问题已得到解决,第三季度和第四季度产量将有所提升 [19][20][26] - 分析师询问公司是否有出售资产的计划,公司详细介绍了近期完成和正在进行的几项资产出售交易,包括La Arena、MARA、Morococha等 [23][24] - 分析师对La Colorada Skarn项目的技术可行性和风险提出质疑,公司表示正在与潜在合作伙伴进行讨论,评估如何最佳提取这一独特资产的价值 [39][40][41][42][43][44] - 分析师对Escobal矿项目的原住民磋商进程表示担忧,公司解释了新政府上台后进程有所延迟,但最近有了积极进展,新任副部长已开始主导该进程 [45][46][51][52][53] - 分析师询问Escobal矿附近原住民识字率和语言使用情况,公司表示这是一个挑战,但公司一直在努力教育当地社区,增进对矿业的了解 [54][55]

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The most recent trading session ended with Pan American Silver (PAAS) standing at $21.35, reflecting a +1.57% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.36%. Prior to today's trading, shares of the silver mining company had gained 0.57% over the past month. This has lagged the Basic Materials sector's gain of 2.2% and the S ...

I am a full-time investor focusing on high-quality and growth companies. One of my other major areas is stocks with high starting dividends and low valuations. I regularly use EVA framework in addition to the normal accounting metrics. I try to have a portfolio balance between dividend-paying stocks and stocks with high growth but lower dividend payouts. Overall, I have 8 years of experience of investing in stocks and fortunately, I have had more good investments than bad since I started doing this. I also ...

Investors cautious about the Federal Reserve's September rate cut—confirmed at its mid-month meeting to be a full 50 basis points—and skeptical about the strength of the dollar have flocked to gold, sending the most famous safe haven commodity soaring to record highs. But there is only so much upside potential to gold, particularly given the attention that it has already drawn. For investors interested in diversifying beyond gold but still in search of a hedge against the dollar amid a new interest rate env ...

Pan American Silver Corp. (NYSE:PAAS) Gold Forum Americas 2024 Conference September 17, 2024 1:20 PM ET Company Participants Michael Steinmann - President & CEO Conference Call Participants Jackie Przybylowski - BMO Capital Markets Jackie Przybylowski All right. So you've done a few acquisitions over the last couple of years. Is the company considering further portfolio optimization and what assets would it look to sell and could it sell its portfolio of royalties? Michael Steinmann Yeah. Thanks. And thanks ...

会议主要讨论的核心内容 公司资产优化和出售 - 公司在过去几年进行了一些收购交易,现正在出售一些较小的资产,以优化资产组合 [2][3][4] - 公司保留了一些收购交易中获得的royalty资产,未来将考虑出售给royalty公司 [3] - 公司正在等待监管部门批准出售La Arena资产的交易 [6] 公司收购和银银金属比例 - 公司目前不太考虑进一步收购,而是专注于现有资产的开发和优化 [8][9] - 公司仍以白银为主,但金金属收入占比有所提高,未来随着银价上涨,银金属占比将再次提高 [10][11] 资本配置策略 - 公司保持较低的债务水平,主要通过自身现金流和出售资产来偿还债务 [13] - 公司将优先投资于高质量的开发项目,如La Colorada Skarn项目 [14] - 公司会保持充足的现金储备,以便在机会出现时进行并购 [15] - 公司会通过稳定的股息和股票回购来回报股东 [15][16] 主要项目进展 - La Colorada Skarn项目是一个大型的银锌矿床,公司正在寻求合作伙伴来共同开发 [18][19][20][21] - Escobal矿是一个优质的银矿,公司正在与当地社区进行磋商,以期重新开始生产 [23][24][25] - Jacobina金矿的生产和勘探潜力都很强,公司正在进行优化研究以进一步提升产能 [27][28] - La Colorada矿的通风系统问题已经解决,产能正在恢复 [30][31]

Pan American Silver (PAAS) closed at $19.29 in the latest trading session, marking a +1.74% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.07% for the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 2.17%. The silver mining company's stock has dropped by 4.44% in the past month, falling short of the Basic Materials sector's loss of 0.59% and the S&P 500's gain of 2.92%. The investment community will be paying close attention to the earnings perf ...

会议主要讨论的核心内容 - 公司拥有11个运营矿山,分布在加拿大、秘鲁、巴西、智利和阿根廷等7个不同司法管辖区,是一家拥有规模和多元化的白银生产商 [2][3][4] - 公司拥有全球最大的白银储量,接近5亿盎司,同时也有大量的黄金储量 [4] - 公司有两大重要的增长催化剂:La Colorada Skarn项目和Escobal矿山 [5] - 公司财务状况稳健,拥有超过10亿美元的流动性,债务主要为收购Yamana时承接的债券 [14][15][16] - 公司资本配置策略包括:投资业务发展、回报股东、偿还债务 [17][18] - 公司近年进行了两次重大收购:收购Tahoe公司和Yamana公司,带来了大量的协同效应 [19][20] - 公司还进行了一些资产优化,出售了MARA项目、Morococha矿山等资产 [21][22][23] 问答环节重要的提问和回答 - 分析师询问公司是否有太多矿山,是否需要进一步优化资产组合,公司表示有能力管理现有资产,但会继续寻找优化机会,特别是一些生命周期较短的矿山 [38][39] - 分析师询问公司在加拿大的税收优惠情况,公司表示正在积极利用加拿大的税收亏损,并会考虑在加拿大进行并购以更好利用这些税收优惠 [40][41] - 分析师询问公司在墨西哥的经营环境,公司表示虽然新政府的政策有所缓和,但仍在密切关注 [42][43] - 分析师询问Escobal矿山重启进程中新任部长上任的影响,公司表示新任部长需要花时间了解项目情况,但公司与政府和当地社区的沟通一直保持良好 [44][45]

Pan American Silver Corp. (PAAS) has signed a binding letter of intent with Unico Silver Limited to divest its Joaquin and Cerro Puntudo projects in Argentina. The move aligns with Pan American Silver's strategy to focus on core operations and high-growth projects. The transaction is expected to be completed by the end of September 2024, pending all necessary approvals. The financial details of this deal are not yet disclosed. PAAS has been working to optimize its portfolio and allocate resources more effic ...