Pan American Silver (NYSE:PAAS) gave preliminary production results for 2023 and guidance for 2024.
Consolidated silver production of 20.4M ounces in 2023 was slightly below the 2023 guidance range of 21M to 23M ounces.
Consolidated gold production of 882.9K ounces in 2023 was within the 2023 guidance range of 870K to 970K ounces.
Consolidated zinc production of ~38.8K tonnes in 2023 was below the 2023 Guidance of 41K to 45K tonnes.
Lead production of ~18.7K tonnes was within the 2023 guidance of 18K to 21K tonnes, and copper production of ~5K tonnes met the 2023 Guidance of 5K tonnes.
Guidance 2024: Total silver production between 21M to 23M ounces; total gold production between 880K – 1,000K ounces.
The company plans to release Q4 results on February 21, 2024, after market close.