Pan American Silver Corp. (PAAS) reported adjusted earnings per share of 11 cents for the second quarter of 2024, falling short of analysts’ expectations. Despite revenue growth, production declined due to lower silver and gold output. The company maintained its production guidance for 2024.
The global demand for silver continues to rise, driven by increased use in renewable energy, electronics, and medical applications. Pan American Silver Corp. (PAAS), one of the world’s largest silver producers, has been benefiting from this trend. In the past month, PAAS’s stock has jumped 36.31%, outperforming the broader market. With strong fundamentals, including a large reserve base and a favorable cost structure, Pan American Silver is well-positioned to continue delivering value to investors as the silver market strengthens.
