PAAS' Q3 Earnings Surpass Estimates, Rise Y/Y on Higher Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: Yahoo Finance
Pan American Silver Corp. Earnings: PAAS reported adjusted earnings of 32 cents per share for Q3 2024, exceeding estimates, with revenues reaching a record $716 million due to higher gold and silver prices, despite missing consensus expectations. The company affirmed its production guidance for 2024.
Fortuna Mining and First Majestic Results: Fortuna Mining's adjusted earnings of 16 cents per share surpassed estimates, driven by increased metal prices, while First Majestic Silver reported a loss of 3 cents per share, falling short of expectations, despite a rise in revenues attributed to higher realized silver prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
