{"id":1167104,"date":"2020-02-21T12:27:18","date_gmt":"2020-02-21T18:27:18","guid":{"rendered":"https:\/\/www.mining.com\/?p=1014700"},"modified":"2020-02-21T12:27:18","modified_gmt":"2020-02-21T18:27:18","slug":"pan-american-boosts-dividend-by-43-on-strong-2019-cash-flow","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1167104","title":{"rendered":"Pan American boosts dividend by 43% on strong 2019 cash flow"},"content":{"rendered":"<p>Pan American Silver&nbsp;(NASDAQ: PAAS) (TSX: PAAS) has had a strong <a aria-label=\"financial year in 2019 (opens in a new tab)\" href=\"https:\/\/www.panamericansilver.com\/news\/news-releases\/detail\/94\/2020-02-20-pan-american-silver-reports-record-quarterly-cash-flow-from-operations-of-129-5-million-in-q4-2019\"  rel=\"noreferrer noopener\">financial year in 2019<\/a>, generating $282 million in operational cash flow. The company also retired $60 million in debt, paid out $29 million to shareholders, made investments in new projects and had an improved cash position throughout the year.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>During the fourth quarter alone, Pan American generated $129.5 million from operating activities, the highest in company history. The miner also posted revenues of $404.4 million in the fourth quarter \u2013 a 130% improvement on the previous year \u2013 and $1.35 billion for the full year, which was 70% higher than 2018.<\/p>\n<p>Net earnings for the quarter totalled $51.7 million, compared with a $63.6 million loss in the prior-year quarter. For the 12 months, net earnings came to $111.2 million, up from $12.04 million in 2018. Adjusted net earnings were $68.9 million and $158 million, respectively.<\/p>\n<p>Based on those results, Pan American&#8217;s board of directors has decided to increase the quarterly dividend by 43% to $0.05 per common share, for about $10.5 million in total cash dividends payable on March 12.<\/p>\n<p>In 2019, Pan American increased its silver production from 24.8 million ounces to 25.9 million ounces and gold production from 178,900 ounces to 559,200 ounces, at an all-in sustaining cost of $10.46\/oz in the silver segment and $948\/oz in the gold segment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the fourth quarter alone, Pan American generated $129.5 million from operating activities, the highest in company history.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167104"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1167104"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167104\/revisions"}],"predecessor-version":[{"id":1167159,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167104\/revisions\/1167159"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1167104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1167104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1167104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}