NASDAQ$PAAS
Pan American Silver Corp · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Pan American Silver reported unaudited Q2 2024 results with record revenue of $686.3 million and free cash flow of $102.1 million.
Pan American Silver Corp. reported Q2 2024 results showing revenue of $686.3 million, a net loss of $21.4 million ($0.06 per share), and adjusted earnings of $40.0 million ($0.11 per share). Operations generated record cash flow from operations before working capital changes of $203.3 million, resulting in free cash flow of $102.1 million. Silver production was 4.57 million ounces and gold production was 220.4 thousand ounces, with the company reaffirming its 2024 guidance while noting silver production toward the low end of the range.
- Record revenue of $686.3 million and mine operating earnings of $116.9 million in Q2 2024.
- Net loss of $21.4 million due to tax expenses and NRV inventory adjustments; adjusted earnings $40.0 million.
- Record operating cash flow before working capital of $203.3 million and free cash flow of $102.1 million.
- Silver production 4.57 Moz and gold 220.4 koz; reaffirms 2024 outlook with silver at low end of guidance.
Headline financials
Revenue & EPS history
Pan American Silver · Revenue · Quarterly
$686M
Forward guidance
Company reaffirms 2024 operating outlook for production, costs, and capex, expecting silver production toward the low end of the annual guidance range.
Tailwinds
- Ventilation improvements at La Colorada expected to boost H2 silver production.
- On track for annual gold, zinc, lead, and copper production guidance.
Headwinds
- Silver production expected at low end of 21-23 Moz guidance range.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+0.6%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-1.5%
Avg return
30 days after
56%
28 / 50 earnings
Positive
+16.5%
Q3 2016
Best reaction
-14.6%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q1 2025 | +4.0% | +23.3% | -5.9% | |
| Q3 2024 | -1.2% | -0.4% | +0.1% | |
| Q1 2024 | +9.2% | +5.7% | +5.2% | |
| Q4 2023 | -2.5% | -2.7% | +6.9% | |
| Q3 2023 | -10.5% | -12.5% | +0.6% | |
| Q2 2023 | +1.9% | +3.0% | +0.7% | |
| Q1 2023 | -5.8% | -7.2% | -13.9% | |
| Q4 2022 | -2.6% | -6.3% | +14.9% | |
| Q3 2022 | -4.0% | +0.7% | +8.1% | |
| Q2 2022 | -14.6% | -14.8% | -24.0% | |
| Q1 2022 | -4.4% | -1.0% | +6.5% | |
| Q4 2021 | -0.0% | +0.6% | +20.3% | |
| Q3 2021 | +1.4% | +4.9% | -9.6% | |
| Q2 2021 | +4.0% | +4.0% | +0.6% | |
| Q1 2021 | -14.0% | -2.6% | -9.1% | |
| Q4 2020 | -2.1% | +5.9% | +1.8% | |
| Q3 2020 | +6.3% | -0.6% | -10.0% | |
| Q2 2020 | -1.0% | -6.6% | -11.2% | |
| Q1 2020 | +0.7% | -3.0% | +20.1% | |
| Q4 2019 | +4.0% | +5.8% | -50.9% | |
| Q3 2019 | +4.8% | +6.8% | +19.5% | |
| Q2 2019 | +3.8% | +2.0% | +6.5% | |
| Q1 2019 | -3.7% | -4.8% | -5.5% | |
| Q4 2018 | -5.8% | -7.1% | -11.4% | |
| Q3 2018 | -9.2% | -5.8% | -13.3% | |
| Q2 2018 | +8.9% | +3.1% | -6.1% | |
| Q1 2018 | +10.4% | +7.8% | +7.4% | |
| Q4 2017 | -6.4% | -3.4% | -2.4% | |
| Q3 2017 | -6.3% | -9.0% | -10.0% | |
| Q2 2017 | +11.9% | +12.1% | +19.0% | |
| Q1 2017 | +0.2% | +7.9% | +10.7% | |
| Q4 2016 | -6.6% | -6.8% | -16.8% | |
| Q3 2016 | +16.5% | +12.7% | +11.2% | |
| Q2 2016 | +3.2% | +5.0% | -10.8% | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | +4.5% | — | — | |
| Q3 2015 | +3.6% | — | — | |
| Q2 2015 | -5.1% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | -5.0% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q2 2012 | +6.4% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q3 2011 | +8.9% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q1 2011 | +8.2% | — | — | |
| Q4 2010 | +8.2% | — | — | |
| Q3 2010 | -6.2% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q2 2010 | +2.4% | — | — | |
| Q4 2009 | — | — | — |
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