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Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- PAAS reported adjusted EPS of 1 cent, a 90% decrease from the previous year. - Revenues rose 54% YoY to $601 million due to new mine acquisitions and higher metal volume. - Silver production increased by 28.7%, while gold production surged 81.7% YoY. - The sale of La Arena Gold Mine is expected to be finalized in Q3 2024. - PAAS reaffirmed production guidance for 2024, expecting higher outputs for both silver and gold. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- PAAS reported adjusted EPS of 1 cent, a 90% decrease from the previous year.
- Revenues rose 54% YoY to $601 million due to new mine acquisitions and higher metal volume.
- Silver production increased by 28.7%, while gold production surged 81.7% YoY.
- The sale of La Arena Gold Mine is expected to be finalized in Q3 2024.
- PAAS reaffirmed production guidance for 2024, expecting higher outputs for both silver and gold.
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