Who are Pan American Silver (PAAS)?

A large miner producing a huge amount of gold and silver all over Latin America.

Why should we care?

• Record cash.
• Diverse mines.
• Two world class potential mines.
• Low AISC.
• Increasing Production.

Record Cash(and growing)

https://preview.redd.it/ejtkmhks7bg61.png?width=734&format=png&auto=webp&s=0f0e1f7ecd5e1be86f1c5f2ab8dee2c751b4cd3c

PAAS has focused on paying down debt and ramping up production giving them the perfect situation to start delivering high profits.

Diverse Mines

Operating 9 different mines and having a number of upcoming and exploration sites PAAS offers a diverse way of continuing production and not solely relying on one area or mine.

The company is also split almost 50/50 in revenue terms between gold and silver, meaning they aren't over exposed to either one.

Two World Class Potential Mines

Escobal

https://preview.redd.it/qa03bhx29bg61.png?width=321&format=png&auto=webp&s=b0d5ca366ae2b00a79c00ffe86c729150b9105cc

When in operation Escobal was the worlds second largest silver producer and was growing. Due to legal reasons Escobal had to cease operations pending a consultation. If Escobal gains permission to reopen we could see a huge increase in the share price.

Navidad

So far undeveloped due to a local ban on open pit mining, but would represent one of the largest silver deposits on earth.

There have been many influential people in the region discussing revoking the law and allowing Navidad to go ahead!

Low AISC ( ALL IN COSTS, what it costs them to produce the silver oz)

Very low ASIC means massive profits and the ability to weather any storm in the gold/silver markets.

https://preview.redd.it/65wvlcop9bg61.png?width=762&format=png&auto=webp&s=6c0f6eb171353e9ad03e9f65caf013e241661cf1

Increasing Production

Production was down in 2020 due to mines being shut for months due to covid and distancing measures to protect miners, however as covid cools in south America, production is rapidly heating up.

Why you should care..

Buying into PAAS gives you a huge amount of profit potential by tapping into a large low cost producer, even more importantly you're buying a company with the potential to still be profitable at almost any price and almost no risk of bankruptcy unlike so many miners.

• Disclaimer : I own PAAS shares, lots of them! and have for many years.*