Pan American Silver First Quarter 2024 Earnings: Beats Expectations

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 that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.