Pan American Silver reports production in line with guidance, posts net loss in 2022 gold silver mining
- Pan American Silver yesterday reported that its silver production was 18.5 million ounces in 2022, down 4% compared to 2021 and within the revised guidance range provided on November 9, 2022.
The company also reported revenue of $1.5 billion in 2022 and net loss of $340.1 million, or $1.62 basic loss per share . Adjusted earnings were $17.9 million, or $0.09 basic adjusted earnings per share for 2022 . President and CEO Michael Steinmann commented,"As expected, our 2022 production was back-end loaded with strong output in Q4, led by Shahuindo and La Arena. Our 2022 silver production was at the top of the revised range provided in November, while gold production was in line with our original operating outlook.
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