by Steve St. Angelo
One of the top primary silver mining company’s is now breaking even producing silver. Pan American Silver just released its Q1 2020 Report surprising analysts by posting a net loss of $77 million. However, if we go by the company’s “Adjusted Earnings,” Pan American Silver reported a $7.6 million loss. This is the figure I use for my calculations in determining the “Estimated Breakeven.”
I will be posting a new Youtube Video update on the details of the Silver Market and the Breakeven Analysis this weekend.
Here is a quick peek of Pan American Silver’s All-In Sustaining Cost (AISC) that jumped in the first quarter of 2020: