Bill Cara

Cara Community GSM 50: Pan American Silver

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