财务数据和关键指标变化 - 公司在Q1录得3,000万美元的净亏损,每股亏损0.08美元,主要包括3,440万美元的税收费用、1,440万美元的存货可变现净值调整费用以及1,080万美元的非现金投资损失 [8] - 公司在Q1产生1.332亿美元的营运现金流,其中包括4,110万美元的现金税款支付 [7] - 公司在Q1末拥有3.314亿美元的现金和投资,并有7.5亿美元的未提取信贷额度,总可用流动性达到11亿美元 [9] 各条业务线数据和关键指标变化 - 多罗斯矿山表现低于预期,由于矿石品位较低以及大雨导致浸出率下降,导致全包成本大幅上升 [10] - 拉科罗拉达矿山新的通风设施预计将于2024年中完工,届时可加快开发速度,恢复到每天约2,000吨的产能水平 [11] - 雅各宾矿山正在进行研究,评估替代采矿方法和提升选矿设施,以优化长期经济效益 [13] 各个市场数据和关键指标变化 - 公司未提供各个市场的具体数据和指标变化情况 公司战略和发展方向及行业竞争 - 公司正在出售非核心资产,如拉阿雷纳金矿和拉阿雷纳2项目,以加强财务实力,投资高质量增长机会,偿还债务,并向股东返还资本 [16][17][18][19] - 公司正在与有意向合作的方式就拉科罗拉达斯卡恩项目进行洽谈,希望保留白银部分权益,同时将锌部分权益给合作方 [12][13] - 公司将继续出售一些较小的非核心资产,以进一步优化和简化资产组合 [34][35][36] 管理层对经营环境和未来前景的评论 - 公司预计2024年下半年产量和成本将有所改善,加上有利的金属价格,预计自由现金流将有所增加 [20] - 公司对2024年的经营前景保持乐观,将在8月份发布中期矿产储量和资源报告 [20] 问答环节重要的提问和回答 问题1 **Ovais Habib 提问** 询问公司Q1季度银和金业务的成本大幅下降的原因 [24][25][26][27][28][29][30][31][32] **Michael Steinmann 和 Steve Busby 回答** 成本下降主要受益于金属价格上涨带来的副产品收益增加,以及一些消耗品使用量低于预期,但公司暂时不会调整全年指引 [25][26][27][28][29][30][31][32] 问题2 **Don DeMarco 提问** 询问埃斯科瓦尔矿山ILO 169磋商进程的最新进展情况 [40][41][43][44][45][46][47][49][50] **Michael Steinmann 和 Sean McAleer 回答** 新政府上台后进程有所延迟,但政府仍承诺完成ILO 169磋商,但尚未提供具体时间表,未来进程的推进需要政府重新指定负责人 [43][44][45][46][47][49][50] 问题3 **Cosmos Chiu 提问** 询问拉科罗拉达矿山通风设施升级项目的进展情况,以及对产能的影响 [58][59][60][61][62][63][64][65] **Steve Busby 回答** 通风设施项目进展顺利,预计Q3投产,届时可以开发更多区域,产能将逐步恢复到每天2,000吨左右,但短期内矿石品位不会有大幅提升 [59][60][61][62][63][64][65]

Unaudited Condensed Interim Consolidated Financial Statements and Notes FOR THE THREE MONTHS ENDING MARCH 31, 2024 Condensed Interim Consolidated Statements of Financial Position (unaudited, in millions of U.S. dollars) March 31, December 31, 2024 2023 Assets Current assets Cash and cash equivalents (Note 20) $ 301.1 $ 399.6 Investments (Note 5) 30.3 41.3 Trade and other receivables 149.5 138.0 Income tax receivables 60.0 62.9 Inventories (Note 6) 744.9 711.6 Other assets (Note 7) 33.7 36.6 1,319.5 1,390.0 ...

Pan American Silver Corp. (NYSE:PAAS) BMO 33rd Global Metals, Mining & Critical Minerals Conference February 27, 2024 10:00 AM ET Company Participants Michael Steinmann - President and CEO Conference Call Participants Jackie Przybylowski - BMO Capital Markets Jackie Przybylowski Good morning. My name is Jackie Przybylowski, mining analyst here at BMO. And I'm happy to welcome our next presenter. We're going to do a fireside chat format. We've got Michael Steinmann, President and CEO of Pan American Silver. ...

Pan American Silver Corp. (NYSE:PAAS) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Siren Fisekci - Vice President of Investor Relations Michael Steinmann – President and CEO Steve Busby - Chief Operating Officer Ignacio Couturier - CFO Conference Call Participants Cosmos Chiu - CIBC John Tumazos - Very Independent Research Craig Hutchison - TD Don DeMarco - National Bank Financial Operator Good morning, ladies and gentlemen, and welcome to the Pan American Silver’s Fo ...

Management’s Discussion and Analysis FOR THE YEAR ENDED DECEMBER 31, 2023 February 21, 2024 TABLE OF CONTENTS Introduction 12 Core Business and Strategy 13 Yamana Acquisition and Strategic Dispositions 13 2023 Highlights 15 2023 Operating Results vs Operating Outlook 16 Operating Performance 17 Financial Performance 21 2024 Operating Outlook 28 Annual and Quarterly Financial Information 35 Operating Metrics 36 Alternative Performance Measures (Non-GAAP) 38 Risks and Uncertainties 47 Material Accounting Poli ...

Pan American Silver Corp. (NYSE:PAAS) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Siren Fisekci - Vice President, Investor Relations Michael Steinmann - President & Chief Executive Officer Steve Busby - Chief Operating Officer Sean McAleer - Senior Vice President of Strategic Initiatives Martin Wafforn - Senior Vice President-Technical Services and Process Optimization Conference Call Participants Cosmos Chiu - CIBC Capital Markets Ovais Habib - Scotiabank Carey MacRur ...

PAN AMERICAN SILVER — | Q3 2023 REVIEW CONFERENCE CALL // November 8, 2023 NYSE:PAAS | TSX:PAAS - 2 | --- | --- ...

Unaudited Condensed Interim Consolidated Financial Statements and Notes FOR THE THREE AND NINE MONTHS ENDING SEPTEMBER 30, 2023 Condensed Interim Consolidated Statements of Financial Position (unaudited, in millions of U.S. dollars) September 30, December 31, 2023 2022 Assets Current assets Cash and cash equivalents (Note 24) $ 347.5 $ 107.0 Investments (Note 7) 38.5 35.3 Trade and other receivables 150.0 136.6 Income tax receivables 64.5 40.0 Inventories (Note 8) 701.4 471.6 Other assets (Note 9) 32.8 13.9 ...

Pan American Silver Corp. (NYSE:PAAS) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Siren Fisekci - Vice President of Investor Relations Michael Steinmann - President and Chief Executive Officer Ignacio Couturier - Chief Financial Officer Steve Busby - Chief Operating Officer Sean McAleer - Senior Vice President of Strategic Initiatives Conference Call Participants Lawson Winder - Bank of America Merrill Lynch Craig Hutchison - TD Securities Don DeMarco - National Bank Fi ...

PAN AMERICAN SILVER — | Q2 2023 REVIEW CONFERENCE CALL // August 10, 2023 NYSE:PAAS | TSX:PAAS 2 Non-GAAP Measures This presentation of Pan American Silver Corp. and its subsidiaries (collectively, "Pan American", "Pan American Silver", the "Company", "we" or "our") refers to various non-GAAP measures, such as "AISC", "cash costs per ounce sold", "adjusted earnings" and "basic adjusted earnings per share", "total debt", "capital", "operating margin", "free cash flow" and "working capital". These measures do ...