PAN AMERICAN SILVER Reports FY2023 Q2 Earnings Results for Period Ending June 30 2023
August 19, 2023
🌥️Earnings Overview
On August 9 2023, PAN AMERICAN SILVER ($NYSE:PAAS) reported their financial results for the second quarter of FY2023, which ended on June 30 2023. For this quarter, revenue was an impressive USD 639.9 million, representing an 87.9% year-over-year growth. Net income for the quarter showed a positive change as well, with the figure of -46.8 million representing an improvement from the -174.0 million from the same period of the prior year.
Price History
On Wednesday, PAN AMERICAN SILVER reported its second quarter earnings results for the period ending June 30 2023. The company’s stock opened at $15.3 and closed at $15.0, a decrease of 1.9% from its previous closing price of 15.3. The decreased closing price marks the second consecutive quarter in which PAN AMERICAN SILVER has seen a decrease in its stock price. Notwithstanding these financial declines, PAN AMERICAN SILVER reported positive earnings performance in several other areas.
Overall, analysts believe that PAN AMERICAN SILVER has posted a mixed set of results for the quarter ending June 30 2023. Despite posting a decline in net income and operating income, the company was able to post strong gains in its adjusted EBITDA, cash flow from operations, and revenue. Moving forward, investors will be interested to see if PAN AMERICAN SILVER can improve on its performance in the next quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PAAS. More…
| Total Revenues | Net Income | Net Margin |
| 1.74k | -274.65 | -7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PAAS. More…
| Operations | Investing | Financing |
| 110.61 | 138.9 | -59.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PAAS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.96k | 3.55k | 13.47 |
Key Ratios Snapshot
Some of the financial key ratios for PAAS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.5% | -77.2% | -13.4% |
| FCF Margin | ROE | ROA |
| -10.4% | -3.0% | -1.6% |
Analysis
GoodWhale conducted an analysis of PAN AMERICAN SILVER’s fundamentals and have concluded that it is strong in dividend, medium in asset, growth, and weak in profitability. The Star Chart shows that the company has a high health score of 8 out of 10, indicating that it is capable to sustain future operations in times of crisis. As such, this type of company may be of interest to investors who are looking for stable and long-term returns. More…
Summary
PAN AMERICAN SILVER reported strong financial results for its fiscal year 2023 second quarter, with total revenue of USD 639.9 million representing an impressive 87.9% year-over-year increase. Net income was also up significantly from the previous year, with a USD -46.8 million loss compared to -174.0 million in the same period in FY 2022. The company’s growth is encouraging for investors, as it suggests that PAN AMERICAN SILVER’s strategies are bearing fruit and creating value. Despite the still negative net income, the improvement over the past year is a positive sign for shareholders and suggests that the company is heading in the right direction.
