Pan American Silver Q2 revenue beats expectations
Overview
Pan American Q2 revenue of $811.9 mln beats analyst expectations, per LSEG data
Adjusted EPS of $0.43 surpasses consensus estimates, per LSEG data
Record net earnings of $189.6 mln driven by high mine operating earnings
Outlook
Pan American reaffirms 2025 guidance for silver production of 20-21 mln ounces
Pan American maintains 2025 AISC guidance for silver at $16.25-$18.25/oz
Company anticipates MAG Silver acquisition to close in H2 2025
Result Drivers
MINE OPERATING EARNINGS - Record net earnings driven by high mine operating earnings of $273.3 mln
JUANICIPIO ACQUISITION - Expected to increase silver production by 35% and reduce all-in sustaining costs
DIVIDEND INCREASE - 20% increase in dividend reflects confidence in financial position
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $811.90 mln | $700.50 mln (2 Analysts) |
Q2 Adjusted EPS | Beat | $0.43 | $0.34 (5 Analysts) |
Q2 EPS | $0.52 | ||
Q2 Net Income | $189.60 mln | ||
Q2 Dividend | $0.1 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release:
