Pan American Silver (TSX: PAAS) (NYSE: PAAS) reviewed 10-02-2020
Market Cap: $6.95 Billion (USD)
Share Price: $33.09 (USD)
Shares outstanding: 210,000,000
Cash and cash equivalents: $471.6 M (USD) as of 30 June 2020
Debt: $236.9 M (USD) as of 30 June 2020
Credit facility: $500 M (USD), $140 M drawn 30 Jun 20
Current operations: Yes
Insider holdings: 1.53%
Institutional: 400 holders at 64% of float
Website: panamericansilver.com
Investor Presentations: https://www.panamericansilver.com/investors/events-and-presentations/
CEO and Director: Ross J. Beaty
HQs in Vancouver, Canada
Wide area of operations: Mexico, Peru, Bolivia, Argentina, Canada, Guatemala
Currently nine operating mines (Escobal which is not currently operating, makes 10)
25 Million oz silver producer, 550 Million oz reserves
Bought Tahoe Resources for $1 Billion in Feb 2019. The combined resources, once Escobal (Guatemala) is online, are huge: 1 Billion oz silver, 20 Million oz gold
Decent balance sheet
Bottom line:
- The perennial ‘Cadillac’ of silver mining
- Recovers lead, zinc, and copper in addition to silver and gold
- Stock has run up from $10 level to currently $33.09 USD. Trend will likely continue if silver and gold keep rising
- CEO Ross Beaty is highly respected in the industry
I am personally invested with a +5.47% portfolio weighting