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Pan American Silver Corp. (PAAS.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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38.16-0.33 (-0.86%)
At close: 4:00PM EST
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  • J
    Jazenevd
    Chubut Navidad news. Mining zonification project has been introduced to Chubut legislature and debates started. First procedural vote, whether the project deserves brief or extensive consideration, was held this morning. Left-wing opposition argued that it is a Constitutional issue that has to be deliberated in full extent in numerous committees. However, this motion was defeated by 15 votes out of 27. Most deputies from ruling party plus conservative opposition voted to move it on faster-track path, as strictly natural resource development action.
  • J
    Jazenevd
    According to Chubut local press, mining zonification law, providing green light to Navidad project, will be submitted to provincial legislature this Tuesday. Political outcome is still unclear. Ruling party is split on the issue and so it will be likely decided by opposition.
  • H
    Heitmann
    Bitcoin surges. Now where Bitcoin is at a high everybody wants to buy it while gold stocks are trading low. There is no reasoning in this market.
  • H
    Hazeline
    I hold this stock for years, although I thought the price will go above $40 soon which I will then sell but it kept coming down. really unsure when to sell. any thought?
  • J
    Jazenevd
    Base metal prices are pretty strong. It may start affecting paas earnings in quite positive ways, company produces some amounts of zinc, lead and copper. Also, strong zinc price substantially increases potential value of Colorada skarn discovery, while strong lead price adds more positives to economics of Navidad project.
  • J
    Joe
    Started a position today. Looking for dollar index to break support at 92, then off to the races. Stimulus coming...
  • J
    Jazenevd
    Chubut government announced re-structuring of provincial debt, totaling $680M. The province does not have money now to pay debt interest, not even talking about re-paying principal. Essentially, the agreement allows Chubut government to avoid paying debt interest for 3 years, in 2021-23, while resuming full payments in 2024. How is it going to pay in 2024? The province is bankrupt now for all practical purposes, government is the main employer and it delays paying salaries to public workers for many months, never paying them in full. Mining is considered as the only rescue, while Navidad project is the only feasible mining proposition that could, if approved, start generating revenues in few years.
  • J
    Jazenevd
    Conference call transcript is available on seekingalpha. Frankly, I would not like to be in dissonance with today share performance. However, I do not like this transcript, it could be done better. It looks like CEO made extra efforts to avoid giving any info on escobal and Navidad, though an analyst specifically wanted some information. Obviously, analysts read local press and ceo could read it too and share it. Also, Colorada ventilation repairs continue for too long.
  • O
    Ou812
    Looks like it wants to go to its 200day moving avg at around 28ish.
  • T
    Tom
    As silver becomes harder and harder to access it’s only a matter of time before the big electronic firms start to access to silver right from the minor all the above ground silver is starting to get real scarce these big companies are dead in the water without silver to make the end product even though it might not be a whole lot when you add up what is used in the electronic industry has to be 60% of all silver produced in any given year and that number is decreasing as grams per ton is decreasing at a very rapid rate this is shaping up for the perfect storm for the minor and the people that owned the physical silver I feel that silver is Going to well over $150 an ounce in the next two years
  • T
    Tom
    Great interview on YouTube in Arcadia economics Andrew Maguire talks about backwardation of the silver markets and have 1000 ounce bars are getting really hard to access the banks are starting to even have problems among themselves and who has access to it the bottom one physical silver is getting really hard to get for the big boys that will roll downhill to all these hundred ounce bars and 1 ounce rounds that the average guy on the street boys the train is leaving the station it started in April how many trillions of dollars did they print since then to three the elections are nothing more then look here but don’t look there the reset is getting closer all the time when it actually occurs is anyone’s guess The system as we know it now will not exist in another two years
  • J
    Jazenevd
    Metals were weak today despite broad market rebound. At least, miners performed better than metals and, at least, paas performed a bit better than peers.
    It is unlikely that upcoming earnings could separate paas from pack, other miners. However, good earnings release could still support relative outperformance trend. Hope, management will say, finally, few specific phrases regarding Escobal and Navidad. It could make the difference.
  • J
    Jazenevd
    Chubut news, re Navidad. Chubut Governor announced start of zoning process that will allow mining in Meseta area where Navidad project located. The announcement was made during the meeting with mayors of local communities, incl. Gastre department, seat of the project, that strongly support Navidad construction.
  • J
    Jazenevd
    Market expects government gridlock and so it goes steadily higher till January, at least, when gridlock assumption will be tested in Georgia runoffs. Silver miners should outperform market over the same period, it would be quite normal. PAAS may start pouring positive news regarding Navidad and Escobal over the same period. Also, full production will be restored finally.
    In total, one may expect new 52-week highs in near term.
  • A
    Anonymous
    Xinka parliament says there has been a breakthrough? though they claim PAAS is undermining the process by helping people with food and medicine?

    https://www.resistescobal.com/xinka-parliament-announces-breakthrough-in-escobal-mine-consultation-process-rejects-pan-american-silvers-bad-faith/
  • J
    Jazenevd
    According to local press Guatemala’s Ministry of Energy and Mines and Xinca Nation representatives agreed to start Escobar consultation process in November. Exact date for the start should be announced soon.
  • J
    Jazenevd
    What a start of the day. It seems longer term considerations obliterated any short-term negative that could be delivered yesterday. Also, broad market flies and this sector shines.
  • J
    Jazenevd
    Also, Argentina’s Minister of Mining said that issue of mining in Chubut has been negotiated and settled positively with provincial government. Mining will be allowed in specific area of Navidad project.
  • d
    daniel
    Gold and Silver up 2 to 3%+ and virtually all miners are down!!!! Makes perfect sense.
  • M
    MDR
    ive learned in my 25 yrs of active trading and reading message boards, usually for entertainment and to pass time between trades, that guys like pk on a board.... are usually a VERY bullish indicator!