Pan American Silver reports cash flow from operations of $114.1 million in Q1 2020; maintains quarterly dividend
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Pan American Silver (PAAS) Misses Q1 EPS by 17c, Revenues Miss
May 6, 2020 6:13 PM EDTPan American Silver (NASDAQ: PAAS) reported Q1 EPS of ($0.04), $0.17 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $358.4 million versus the consensus estimate of $373.18 million.
Q1 2020 Highlights:
Revenue was $358.4 million, which reflects the strong contribution from the Gold Segment mines with consolidated gold production totaling 156.1 thousand ounces and an average realized price of $1,580 per ounce.Silver production of 5.6 million ounces primarily reflects the suspensions of the Huaron, Morococha, Manantial Espejo and San Vicente operations and the failure of an underground ventilation circuit at the La... More