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 forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Pan American Silver that you should be aware of.

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