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Pan American Silver reports Q3 EPS (1c), consensus 38c
The Fly

Pan American Silver reports Q3 EPS (1c), consensus 38c

Reports Q3 revenue $338.9M, consensus $476M. "Our Q3 results reflect the industry-wide challenge of softening precious metal prices combined with inflationary cost pressures," said Michael Steinmann, President and CEO. "On November 4, 2022, we announced a proposed acquisition of Yamana Gold by Pan American and Agnico Eagle. This accretive and transformational transaction would increase our silver production by approximately 50% and double our gold production through the addition of long-life, low-cost assets in Latin America, our core operating region. These assets generate strong cash flow, which would further strengthen our financial position and help establish an exciting future for growth and value creation for our stakeholders."

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