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Panzer entry here for PAAS
What happened to all of the silver miners?
very much my thoughts. maybe not end of the year but 2018..?
Paas will overperform when the Argentinians wake up and realize they all have to eat to live!
IMO silver will see $23.00 per ounce and PAAS will see close to $30.00 by year end.
Silver will outperform AU by 65% in 2017.
I am long PAAS.
Short real short ABX!
I call 23 by years end!
it will go up again. we just do not know when they are done pushing it lower..
Everyone is really down on these mining stocks regardless of earnings! The whole sector goes together...it really doesn't matter what an individual company does.
nice earning reports..
Pan American Silver Corp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer, reversed to a profit in the fourth quarter as output rose but costs per ounce fell.
The company also hiked its quarterly dividend and announced an increase in silver mineral reserves
http://www.kitco.com/news/2017-02-15/Pan-American-Silver-Corrects-Adjusted-Profit-Dividend-Hiked.html
UPDATE 2-Barrick posts market-beating profit, boosts spending
Wednesday February 15, 2017 19:03
http://www.kitco.com/news/2017-02-15/UPDATE-2-Barrick-posts-market-beating-profit-boosts-spending.html
UPDATE 1-Canadian gold miner Goldcorp profit beats market forecast
Wednesday February 15, 2017 17:34
http://www.kitco.com/news/2017-02-15/UPDATE-1-Canadian-gold-miner-Goldcorp-profit-beats-market-forecast.html
and Gary Wagner
http://www.kitco.com/commentaries/2017-02-15/US-Equities-and-Precious-Metals-Both-Trade-Higher-Today.html
US Equities and Precious Metals, Both Trade Higher Today
Wednesday February 15, 2017 17:17
gold chart can be seen on the site
Fueled by multiple factors, including statements made by Federal Reserve Chairwoman Janet Yellen and President Donald Trump, today traders witnessed multiple markets moving to higher ground. Most interesting is the fact that these markets typically do not run in tandem. By nature, these asset classes (risk on and risk off) have an intrinsic negative correlation. They tend to move in opposite directions in reaction to the same fundamental events or data report. We have seen this rare occurrence a number of times over the last few months. The question remains as to whether or not these markets will continue to run in the same direction.
It’s Going to be Massive
As only he could frame it, President Trump today reconfirmed his commitment on a tax reform plan. According to President Trump, “We’re doing a massive tax plan”. He went on to say that this plan, “Would be coming in the ‘not-too-distant future.’”
This statement, coupled with extremely solid economic data in the United States, were cited as primary reasons for yet another day in which US equities break records and close at new all-time record highs.
In fact, according to Ryan Vlastlica of MarketWatch, “The stock market is about to deliver its best winning streak in 25 years.” This is based upon the fact that the NASDAQ Index is closing in on one its longest winning streak since 1999.
Although US equities were trading to higher ground prior to the presidential election last year, the pace greatly accelerated immediately following the news that Donald Trump became our 45th president. Since that point, US equities have traded to all-time new record highs on multiple occasions.
However, there is a major caveat. “This is a market benefiting from ‘Trump fairy dust,’ and unfortunately there’s a shelf life for that,” said Alan Gayle, director of asset allocation and senior investment strategist at RidgeWorth Investments.
A Tandem Run
Both the S&P 500 and the Dow Jones gained roughly half of a percent on the day, with the NASDAQ Index gaining .64%. Gold and silver both traded higher today with gold gaining $4.50 (.37%) on the day and silver gaining 4/10 of a percent. It seems that those who believe that US equities will trade higher are possibly hedging their bets.
For those who would like a deeper analysis, I invite you to sign up for a free trial. Simply use the link at the bottom of this report to view this week’s report, or to sign up for a free trial.
Wishing you as always, good trading,
Gary Wagner
Thegoldforecast.com
I'm kickin' myself for not doing a better job of 'averaging down' ... should've added more PAAS, when PAAS was (temporarily) down.
Seems like they are now building some very good upward momentum .... reducing production costs while increasing ounces produced, etc.
PPS of $20 (and above) looks like a good possibility. Later in 2017/2018, it will be interesting to see if mgmt will consider a dividend raise, or maybe they have an acquisition target on their radar (?)
Argentinian Wild Card : Recently, Argentina has been swinging over to a more 'business friendly' political environment. What about that dormant paas project; Navidad ?
gl and Ag/Au$$ to all !
In at $17. Set to outperform and get back to $21 within 90-180 days. Nothing but a prediction, but seems fairly solid.
BMO upgraded PAAS to outperform. Stock's +15% undervalued
Valuation Analysis
I think in 2017 this should be possible :)
Loaded ahead of time, was happy to hear the great earnings call!!! I can live with $23.00 or so for a start!! JMO
Agree... stock's trading at discount. Also, Canaccord Genuity upgraded PAAS today
Valuation Analysis
First Majestic Silver: Compelling Valuation Makes It A Buy
charts on the site
Oct. 20, 2016 1:15 PM ET|34 comments | About: First Majestic Silver Corp. (AG), Includes: HL, PAAS
http://seekingalpha.com/article/4013533-first-majestic-silver-compelling-valuation-makes-buy?auth_param=bvkmd:1c0hutr:487cb83fa6c8dd5cdc2e6cc816f7c812&uprof=51
Summary
I have been buying First Majestic aggressively since that time and now have a full position.
How could one justify owning First Majestic at $19 when you had companies more than 2x its size trading at the same valuation?
The main reason for the declining silver output with its core group (pre-Santa Elena), is because the company curtailed investing in these assets during the downturn.
The focus has returned to growth.
I started to load up on gold and silver stocks in early January of 2016 as it was clear that a bottom in the precious metals sector was only a few weeks to a few months away. First Majestic Silver (NYSE:AG) was always on my buy list, so I began to purchase the stock at that time and kept adding to my position as it broke out of its bear market downtrend.
Fast forward six months or so later, in an article that I posted in July 2016, I update my stance on the company:
I sold out of all of my position in AG over the last few weeks as it has run too far compared to other silver producers in the sector and now offers inferior value at the moment. AG was one of the first companies I started buying in January of this year. This was a $2.50 stock at that time and now it's at $15. Nobody wanted it then, but now a lot of people are piling into the shares and not paying attention to valuation.
The stock kept climbing after I liquidated my position, and it proceeded to get even further out of line in terms of fair valuation as it reached $19 a share by early-mid August. In a follow up article on the sector, I was even more bearish on AG:
Last week, the company announced earnings for Q2 and significantly cut guidance for the year...the stock actually traded higher that day...momentum players are moving the gold market, and bad news is sometimes ignored...If I didn't sell in early July I would have most definitely liquidated last week. I like the company, but for now I'm avoiding the stock as I think the bias is to the downside given the news in combination with how overbought the shares are at the moment.
The shares finally broke down a few days later and plunged all the way to $11 (or roughly 40%) by the end of August. In late September, the majority of the froth had been removed from First Majestic's stock price and it was trading at a much more reasonable valuation level. I was buying, but noted that I refrained from establishing a full position as I felt there was still the potential that AG would move to the $9.50-10.00 range. The stock actually declined more than I had anticipated and hit roughly $8.00 a share last week (down almost 60% in just two months). I have been buying aggressively since that time and now have a full position.
I believe the shares are poised for a major rebound from current levels, as the stock went from being wildly overbought to fearfully oversold. I also want to note that momentum has now turned positive again.
Valuation Matters
With 164.3 million shares issued and outstanding, and at a price of $19 a share this past August, First Majestic had a market cap of $3.1 billion. I'm a firm believer in this bull market in gold and silver, but when you had companies like Pan American Silver (NASDAQ:PAAS) and Hecla Mining (NYSE:HL) trading at the same valuation or even less, then it made no sense to own First Majestic.
At their peaks in August, HL had a market cap of around $2.7 billion ($400 million less than First Majestic), and Pan American was valued at $3.1 billion (equal to the market cap of AG). Yet look at the tale of the tape between these three silver (and gold) miners. Pan American and Hecla produce 50-100% more silver and 3-4x more gold compared to First Majestic. It's the same in the operating cash flow department as well.
(Source: Author)
How could one justify owning First Majestic at $19 when you had companies more than 2x its size trading at the same valuation? You couldn't, which is why the correct strategy at the time was to sell.
Thanks to the hefty decline that has occurred in First Majestic's stock price, it's trading more in line with the group. Today, its market cap is $1.4 billion, while PAAS and Hecla are at $2.6 billion and $2.4 billion.
A Few Bumps In The Road
First Majestic has only shown incremental production growth since 2014 (not that this is a bad thing mind you). There are two sides to this growth story though. On one hand, silver production is basically flat during that time, which is unusual for the company as steadily rising silver output year over year has been its hallmark. However, gold production has jumped from 10,000 ounces per year to 50,000 ounces. Which is why on a silver equivalent basis, the company has been able to show overall growth in output from 2014-2016. This is entirely because of the Silvercrest acquisition in 2015, which brought the Santa Elena mine into the fold. If it wasn't for this purchase, First Majestic would be staring at negative silver and AgEq production growth during this time period.
(Source: First Majestic)
First Majestic expects AgEq growth to continue, and it has a few projects planned that will contribute to that increase. But for me, this is about getting the current mines "right." That's been a problem and is why First Majestic had to take down production guidance for 2016.
The main reason for the declining silver output with its core group (pre and post Santa Elena), is because the company curtailed investing in these assets during the downturn. The focus instead was on cash flow generation. First Majestic decreased its investment in exploration and development and had to reduce production at a few operations in order to remain profitable and keep the balance sheet healthy. That hit its Del Toro mine especially hard.
When First Majestic was building Del Toro in 2012, the expected production out of this mine was 6-7 million ounces per year. Del Toro has been a big disappointment as 2016 output at the mine will only be 2.25-2.50 million AgEq ounces.
The company was building a 4,000 tpd mill at Del Toro in 2011, but with the precious metal prices collapsing, it decided to halt any further funding of the project. At the time, there was still $35 million that needed to be invested to finish building the shaft and complete the underground development. As of now, the mill is only running at 1,000 tpd, and the cyanide circuit and zinc circuit are currently on care and maintenance. First Majestic is only operating the lead circuit at the moment.
The Focus Has Returned To Growth
Given the increase in prices we have seen in the precious metals over the last three quarters - in addition to the strong balance sheet of the company - First Majestic plans to open up its pocket book once again and reinvest capital.
It has increased its expected total investment on exploration and development capex to $88.5 million in 2016, compared to its previous guidance of $63.8 million. If you know anything about this company, it's when it spends money on development, good things happen. Just look at the stock chart and production over the last decade compared to other silver producers.
Below is a summary of the company's current portfolio of producing assets (all of which are located in Mexico). Several of these will experience growth in output over the next 1-2 years thanks to this increase in spending.
(Source: First Majestic)
First Majestic doesn't plan to ramp Del Toro to 4,000 tpd at this stage, but it is looking to get it back up to 2,000 and higher by the end of 2017. That's a doubling of production from current levels.
At La Encantada, an $8.8 million roasting plant will be constructed. When it's in production in late 2017, the company expects to recover an additional 1.5 million ounces of silver annually from the reprocessing of above-ground tailings. This roasting facility will have a capacity of 2,000 tons per day, and there are 5 million tons of tailings at La Encantada. There is plenty of discarded mill material ready to be re-processed.
La Guitarra will become one of First Majestic's most important operations that it's going to spend capital on in the next two years. When it bought the mine in 2012, it originally planned to demolish the current mill and rebuild a new modern plant in its place. The company put these plans on hold and just kept things as is because of the declining precious metal prices. This mine has been operating at sub-par production levels because First Majestic didn't want to commit capital at the time. The current mill throughput at La Guitarra is 400 tpd. First Majestic plans to expand it to 1,000 tpd in the short term.
The company also plans to spend $2.6 million at its Plomosas project, which looks to be the next mine it put in production as La Luz is having trouble getting the necessary permits due to an anti-mining stance among the locals. Plomosas is already permitted as it was a past producing mine - it was closed in the mid-80s due to union trouble and has been idle since. The shutdown occurred right in the middle of production, so there is plenty of ore that is still untouched.
It will take a little time before the benefits of all this capex spending show up (12-18 months). But by mid-2017, First Majestic should see silver production start to increase once again.
Exciting Developments At Santa Elena
When First Majestic bought Silvercrest and its Santa Elena mine, recoveries were only in low-60s; now recoveries are in the low-80s. The AISC during the last quarter that Silvercrest had the mine in its portfolio was $12.50 per ounce; now it's at $2 per ounce. This asset is performing much better than expected, and First Majestic is claiming that the geological upside looks better now than it did when it first bought the mine.
In a recent webcast, CEO Keith Neumeyer said:
We did run into a high-grade narrow structure vein crossing the main Santa Elena dam and it looks like it's got some legs to it. And the silver grades in the 500 gram range and the gold grades are in the five to six-gram range. And we're blending this high grade material, which to the ore-grade material, which is really helping out the production there. And we don't see an end to it, quite frankly. The structure on surface looks like, it goes for quite some time, and it could actually even intersect another parallel structure, which we're just going to start drilling in the second half of this year. So, there is a lot going on at Santa Elena that could add to life of mine, it's little bit early to really start getting too excited about it. But, I can tell you some of our technical guys are getting excited.
Santa Elena is by far the company's biggest cash flow producing asset. If it is able to find more high-grade material this will be a boon to the stock price.
I'm Anticipating A Strong Snap-Back Rally In AG
With the 55-60% decline in the stock over the last few months, First Majestic is no longer richly valued and offers a great entry point for those like myself who have been watching and waiting on the sidelines. This stock has traditionally traded at a premium to other silver companies, so while it's currently in line with its peers, it's actually at a discount compared to where it has historically traded. With the company now back in growth mode, pure silver production will start increasing again next year. At that point, the valuation should begin to expand compared to other silver miners who aren't growing as aggressively.
The stock is very oversold in the short term, and if gold and silver can start to move up again, then I expect a strong snap-back rally in AG. I also anticipate it will steadily work its way higher to that $19 level as increased silver prices accompanied by rising production will justify the loftier market cap.
If you would like to read more of my thoughts, ideas, and research on the gold sector, you can subscribe to my new service here on Seeking Alpha called The Gold Edge. Below are a few subscriber articles that have been released in the past week:
Is The Rally In Gold Resuming?
Hecla Showing Strength
International Tower Hill: Is Livengood A Great Call Option On Gold?
Eastmain Resources: Is This Junior Gold Explorer Still A Buy?
Surprise Surprise, The HUI And GLD Get Turned Away
One Way I'll Play The Eventual Rebound In Physical Silver
Disclosure: I am/we are long AG.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Any predictions as to the unaudited results?
Deutsche Bank agrees to settle with Plaintiffs in London Silver Fixing litigation
https://www.bullionstar.com/blogs/ronan-manly/deutsche-bank-agrees-settle-plaintiffs-london-silver-fixing-litigation/
PAAS, AG and RGLD are my favorits
2016 great year for paas
great Company, this will go a lot higher imo along with AG
Shortie gonna burn
Pretty crazy move over the last 2 weeks, huh ?
I've bought and sold it twice, 500 shares each time. I didn't get the full ride but enough of it to be happy with my buys.
the big question is -- how high will gold and silver go ?
Chris
Good pickup. I am looking at SSRI.
Pan American Silver Posts Record Silver Ouput For Fourth Straight Year
Tuesday January 19, 2016 08:40
http://www.kitco.com/news/2016-01-19/Pan-American-Silver-Posts-Record-Silver-Ouput-For-Fourth-Straight-Year.html
Pan American Silver Announces CEO Geoff Burns' Retirement and Names Michael Steinmann as Successor
Date : 12/14/2015 @ 8:00AM
Source : PR Newswire (Canada)
http://ih.advfn.com/p.php?pid=nmona&article=69689351
SEC 6-K Filing:
http://ih.advfn.com/p.php?pid=nmona&article=69694454
Pan American Silver reports increased silver production and record gold production in the third quarter of 2015
http://ih.advfn.com/p.php?pid=nmona&article=69285186
YES!!!!!! hope this is the beginning of a huge trend change
Considering the commodity depression occurring it's not all that bad. Short term could see more declines but value proposition should grow going into 2016. Can China start its next super cycle already?!
What this going to mean for the shares?
Pan American Silver (NASDAQ:PAAS): Q2 EPS of -$0.05 beats by $0.04.
Revenue of $174.2M (-13.3% Y/Y) misses by $4.53M.
05/25/15 18:47:00: Press Release: Pan American Silver Reports Fatal Accident at its Manantial Espejo Mine
VANCOUVER , May 25, 2015 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (the "Company") regrets to report that two employees sustained fatal injuries in a single vehicle accident involving a water truck at the Company's Manantial Espejo mine in Santa Cruz , Argentina , on Saturday, May 23, 2015 .
Emergency crews and local authorities were immediately notified and attended the scene. Investigations into the cause of the incident are ongoing and operations at the mine remain temporarily curtailed.
"We are deeply saddened by this tragic event and our heartfelt condolences go out to the families of the employees, and to their fellow workers and friends," said Geoff Burns , Chief Executive Officer of the Company. Mr. Burns continued, "The health and safety of our workforce is vitally important to us, and we will continue to work with the authorities during the investigation of this tragic accident."
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND "FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE CANADIAN SECURITIES LEGISLATION. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. STATEMENTS CONTAINING FORWARD-LOOKING INFORMATION EXPRESS, AS AT THE DATE OF THIS NEWS RELEASE, THE COMPANY'S PLANS, ESTIMATES, FORECASTS, PROJECTIONS, EXPECTATIONS, OR BELIEFS AS TO FUTURE EVENTS OR RESULTS. SUCH FORWARD-LOOKING STATEMENTS AND INFORMATION INCLUDE, BUT ARE NOT LIMITED TO: INVESTIGATIONS INTO THE INCIDENT DESCRIBED HEREIN AND ANY LEGAL OR REGULATORY CONSEQUENCES THAT MAY RESULT THEREFROM; AND THE DURATION OR EFFECTS OF THE CURTAILMENT OF OPERATIONS.
THESE STATEMENTS REFLECT THE COMPANY'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE BY THE COMPANY, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE, POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY FACTORS, BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT ARE OR MAY BE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE AND THE COMPANY HAS MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY OF THESE FACTORS, INCLUDING THOSE FACTORS IDENTIFIED UNDER THE CAPTION "RISKS RELATED TO PAN AMERICAN'S BUSINESS" IN THE COMPANY'S MOST RECENT FORM 40F AND ANNUAL INFORMATION FORM FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING UNDUE CERTAINTY OR RELIANCE ON FORWARD- LOOKING STATEMENTS. ALTHOUGH THE COMPANY HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR INTENDED. THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATION, TO UPDATE THESE FORWARD LOOKING STATEMENTS OR INFORMATION TO REFLECT CHANGES IN ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY OTHER EVENTS AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.
ABOUT PAN AMERICAN SILVER
Pan American Silver's mission is to be the world's pre-eminent silver producer, with a reputation for excellence in discovery, engineering, innovation and sustainable development. The Company has seven operating mines in Mexico , Peru , Argentina and Bolivia . Pan American also owns several development projects in the USA , Mexico , Peru and Argentina .
SOURCE Pan American Silver Corp.
/Web site: http://www.panamericansilver.com
(END) Dow Jones Newswires
05-25-15 2047ET
PAAS reducing cash dividend by 60% ... in order to fund major expansion of Dolores Mine. (Dolores is in Chihuahua, Mexico ... Sierra Madre. )
Hopefully , " Some short-term pain, for good long-term gain. "
Might have to wait until 2017 to see a nice return on the Dolores investment.
(Possibly a 40% to 50% increase in Ag + Au production.)
PAAS still seems like a very good long-term bet ... I'll continue to hold all of my shares.
I see one pro analyst has updated his "educated guess" to : "underperform w/ $10 price target."
For the past couple of years, many shareholders have enjoyed the generous cash dividends from PAAS$$$$
GLTA
European Gold Forum 2015 > Presentation Webcasts
http://www.europeangoldforum.org/egf15/company-webcast/PAAS:US
Pan American Silver Produced a Record 26.1 Million Silver Ounces and 161,500 Gold Ounces in 2014
http://ih.advfn.com/p.php?pid=nmona&article=65154925
Date : 01/19/2015 @ 10:30PM
Source : PR Newswire (Canada)
Stock : Pan American Silver Corp. (MM) (PAAS)
Quote : 11.0 0.28 (2.61%) @ 8:10PM
Today : Tuesday 20 January 2015
Click Here for more Pan American Silver Charts.
(All amounts expressed in US$ unless otherwise indicated. Results are preliminary and could change based on final audited financial results)
VANCOUVER, Jan. 19, 2015 /CNW/ - Pan American Silver Corp. ("Pan American" or the "Company") (PAAS: NASDAQ; PAA: TSX) produced 6.75 million ounces of silver at its seven operating mines during the fourth quarter of 2014, posting a silver production record of 26.11 million ounces for the full year. In addition, the Company produced 43,900 ounces of gold during the fourth quarter of 2014, boosting the Company's consolidated gold production to an annual record of 161,500 ounces, an 8% increase compared to 2013.
PAAS - Negative Impact
Daniel Earle released new analysis stating Pan American reported adjusted EPS of -$0.09 below both consensus and his estimate of $0.02, with the difference resulting from fewer sales and lower realized prices.
Production of 6.2 Moz was also below Daniel Earle's estimate of 6.5 Moz, due to less production at Alamos Dorado, Manantial Espejo and San Vicente, while net cash costs of $12.29/oz were largely in line with his forecast of $12.12/oz
Full year production guidance was maintained at 25.75–26.75 Moz at net cash costs of $11.70-$12.70/oz and Daniel Earle continues to forecast the company beating its cost guidance
However, at current market prices, the company's balance sheet may begin to be eroded quickly and that its growth prospects may be muted, in his view
The company’s balance sheet remains strong with $377mm in cash and short-term investments, $607mm in working capital, and only $57mm of total debt
Daniel Earle's 12- month target price remains unchanged at $12.00 and he maintains his HOLD recommendation.
Nice call !
Chris
Pan American Silver generates $38.3 million in operating cash flow during the third quarter of 2014 and declares fourth divid...
Date : 11/13/2014 @ 11:23PM
http://ih.advfn.com/p.php?pid=nmona&article=64411663
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Pan American Silver Corp. -
This board is for fundamental and technical discussion about Pan American Silver Corp., PAAS.
Pan American Silver Corp. (Pan American) is engaged in silver mining and related activities, including exploration, extraction, processing, refining and reclamation. The Company's primary product (silver) is produced in Peru, Mexico and Bolivia, along with project development activities in Argentina, Mexico and Bolivia, and exploration activities in South America and Mexico. Pan American's wholly owned and partially owned subsidiaries include Pan American Silver S.A. Mina Quiruvilca, Compania Minera Argentum S.A., Plata Panamericana S.A. de C.V., Minera Corner Bay S.A. and Compania Minera PAS Bolivia S.A. Compania Minera Triton S.A. In January 2006, Pan American Silver S.A.C. merged with Compañia Minera Huaron S.A. to form Pan American Silver S.A. Mina Quiruvilca.
1500 - 625 Howe Street
Vancouver, BC V6C 2T6
(604) 684-1175 begin_of_the_skype_highlighting (604) 684-1175 end_of_the_skype_highlighting begin_of_the_skype_highlighting (604) 684-1175 end_of_the_skype_highlighting
(604) 684-0147 begin_of_the_skype_highlighting (604) 684-0147 end_of_the_skype_highlighting begin_of_the_skype_highlighting (604) 684-0147 end_of_the_skype_highlighting
bradies@panamericansilver.com
http://www.panamericansilver.com
PAAS performance compared to PM producers -
Point & Figure Chart
Weekly Five-Year Charts
www.ivarkreuger.com/metalcharts.htm
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
Woot Woot, all aboard the silver train!
The Day The Fiat Dollar Die -
- a person / or a nation / be bankrupt -
- about the same for all, will be said -
http://inflation.us/videos.html
it has happen to all fiats before -
e.g. -
not to long ago to USSR, Zimbawe, Argentina,
Germany etc. btw. -
Gold & Silver have replaced every fiat currency
for the past 3000 years -
http://www.kwaves.com/fiat.htm
The NWO banksters cults owned by...
http://www.reformation.org/adolf-hitler.html
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