Pan American Silver (TSE:PAAS) First Quarter 2024 Results
Key Financial Results
- Revenue: US$601.4m (up 54% from 1Q 2023).
- Net loss: US$30.9m (down by 288% from US$16.4m profit in 1Q 2023).
- US$0.085 loss per share (down from US$0.078 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pan American Silver Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 33%.
Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%.
Performance of the Canadian Metals and Mining industry.
The company’s shares are up 12% from a week ago.
Risk Analysis
We should say that we’ve discovered 1 warning sign for Pan American Silver…
