https://newsletter.en.creamermedia.com
Copper|Gold|Infrastructure|Mining|Infrastructure|Operations
Copper|Gold|Infrastructure|Mining|Infrastructure|Operations
copper|gold|infrastructure|mining|infrastructure|operations

Pan American Silver starts 2025 with record cash balance

16th January 2025

By: Creamer Media Reporter

     

Font size: - +

NYSE- and TSX-listed Pan American Silver has entered 2025 with a record cash balance of $887.3-million, driven by robust production results and the sale of its La Arena mine in Peru to Chinese mining giant Zijin.

“We entered 2025 with cash and short-term investments totalling $887.3-million, positioning the company well to execute on its strategic priorities," said CEO Michael Steinmann.

He pointed out the company’s operational success in 2024, particularly at its flagship mines. “We are pleased to have delivered on our production guidance for 2024, driven by the back-end loaded production profile we had previously indicated. Notable performance was recorded at our two flagship operations: La Colorada and Jacobina.”

The La Colorada mine produced 1.6-million ounces of silver in the fourth quarter, demonstrating the benefit of the new ventilation infrastructure. Meanwhile, 197 000 oz of gold were produced from the Jacobina mine in 2024, the highest recorded production in the mine's history.

Pan American met its full-year production guidance for 2024, producing 21.1-million ounces of silver and 892 000 oz of gold. The company also achieved its yearly production targets for zinc, lead, and copper.

Edited by Creamer Media Reporter

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (31/01/2025)
31st January 2025 By: Martin Creamer
Magazine round up | 31 January 2025
Magazine round up | 31 January 2025
31st January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.039 0.122s - 132pq - 2rq
Subscribe Now