Click to copy
Click to copy

Pan American Silver: 2Q Earnings Snapshot

August 7, 2019

VANCOUVER, British Columbia (AP) _ Pan American Silver Corp. (PAAS) on Wednesday reported second-quarter earnings of $18.5 million.

The Vancouver, British Columbia-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring gains, came to 4 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The silver mining company posted revenue of $282.9 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $339.5 million.

Pan American Silver shares have climbed 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.97, an increase of 6.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAAS at https://www.zacks.com/ap/PAAS

All contents © copyright 2019 The Associated Press. All rights reserved.