PAN AMERICAN SILVER Reports Q2 FY2023 Earnings Results on June 30, 2023
August 26, 2023
🌥️Earnings Overview
On June 30, 2023, PAN AMERICAN SILVER ($NYSE:PAAS) announced their second quarter earnings results for FY2023. Revenue totaled USD 639.9 million, a jump of 87.9% compared to the same period of the prior year. Net income was reported at USD -46.8 million, a vast improvement from the -174.0 million reported in the same quarter of the previous year.
Share Price
On June 30th, 2023, PAN AMERICAN SILVER announced its earnings results for the second quarter of FY2023. On the day of the announcement, PAN AMERICAN SILVER stock opened at $15.3 and closed at $15.0, down 1.9% from the previous closing price of $15.3. Overall, PAN AMERICAN SILVER reported an overall decrease in their Q2 FY2023 earnings results compared to the same period last year. Despite the decrease, the company remains optimistic about their long-term prospects and continues to focus on cost efficiencies and expansion opportunities to drive growth. 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
We at GoodWhale have conducted an analysis of PAN AMERICAN SILVER to assess its overall wellbeing. Our Risk Rating indicates that PAN AMERICAN SILVER is a medium risk investment when it comes to both financial and business aspects. We have detected 2 risk warnings in the income sheet and balance sheet; to view these, become a registered user on our platform. It is important for investors to be aware of any potential risks when making a decision about whether or not to invest in a company. Our Risk Rating is an overall indication of the company’s performance and can help investors make more informed decisions when it comes to investing. More…
Summary
PAN AMERICAN SILVER has had a strong second quarter in FY2023, with total revenue of USD 639.9 million increasing 87.9% from the same quarter of the previous year. Net income also improved significantly to -46.8 million, compared to the -174.0 million reported in the prior year quarter. This is a positive sign for investors, indicating that the company is actively engaged in its restructuring and cost-saving initiatives and is continuing to demonstrate impressive growth. This could be an attractive investment option for those looking for a silver producer with potential for further growth.
