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Strong cash generation and shareholder returns: Pan American Silver reported $344 million in attributable free cash flow and returned a record $300 million to shareholders through buybacks and dividends. The company ended the quarter with $1.8 billion in cash and investments and approximately $3.2 billion in total available liquidity.
Silver outlook maintained, but gold guidance is pressured: Second-quarter silver production reached 6.5 million attributable ounces, supporting the full-year guidance of 25 million to 27 million ounces. Gold production was below quarterly expectations, and the company now expects to finish at the low end of its 700,000-to-750,000-ounce annual guidance range.
Operational challenges and project updates: Seismic activity at Jacobina and lower gold grades at El Peñón are weighing on gold output, while Pan American is pursuing mining and processing improvements at Jacobina. Development advanced at La Colorada and Timmins, but Escobal's consultation process continues without a restart timeline.
Gold and Silver Pulled Back—Here's Why the Bull Case Is Intact
#million #guidance #jacobina
Strong cash generation and shareholder returns: Pan American Silver reported $344 million in attributable free cash flow and returned a record $300 million to shareholders through buybacks and dividends. The company ended the quarter with $1.8 billion in cash and investments and approximately $3.2 billion in total available liquidity.
Silver outlook maintained, but gold guidance is pressured: Second-quarter silver production reached 6.5 million attributable ounces, supporting the full-year guidance of 25 million to 27 million ounces. Gold production was below quarterly expectations, and the company now expects to finish at the low end of its 700,000-to-750,000-ounce annual guidance range.
Operational challenges and project updates: Seismic activity at Jacobina and lower gold grades at El Peñón are weighing on gold output, while Pan American is pursuing mining and processing improvements at Jacobina. Development advanced at La Colorada and Timmins, but Escobal's consultation process continues without a restart timeline.
Gold and Silver Pulled Back—Here's Why the Bull Case Is Intact
#million #guidance #jacobina
3 months ago