Vancouver, Canada – Pan American Silver Corp. reported record-breaking financial performance during the third quarter of 2024, with revenue reaching $716.1 million. The company’s President and CEO, Michael Steinmann, highlighted the strong results, noting that cash flow from operations and free cash flow both set new records.

Steinmann announced that at the end of Q3, cash and short-term investments had increased to $469.9 million, while net debt decreased to $376.2 million. These financial achievements have bolstered the company’s balance sheet, providing $1.2 billion of available liquidity for future investments.

The Q3 2024 conference call and webcast, led by Pan American Silver’s VP of Investor Relations, Siren Fisekci, featured discussions on forward-looking statements and non-GAAP measures. The company emphasized the importance of reviewing cautionary statements in their MD&A news release and presentation slides for a comprehensive understanding of the unaudited results.

Siren Fisekci expressed gratitude for the participants joining the call, setting the stage for Michael Steinmann to delve into the details of Pan American’s financial performance. Despite excluding the sale of finished goods and concentrated inventories worth approximately $30 million due to timing, the company achieved significant milestones in revenue and cash flow.

The financial success of Pan American Silver during Q3 underscores the company’s commitment to delivering value to its stakeholders. With a focus on strengthening its balance sheet and enhancing liquidity, Pan American Silver remains poised to capitalize on future investment opportunities and sustain its growth trajectory in the mining industry.