Why Pan American Silver Stock Was Tumbling Today

Pan American Silver (PAAS) stock fell nearly 10% after reporting Q2 earnings that missed analyst expectations. While revenue reached $1.12B (up from $812M YoY) and adjusted net income nearly doubled to $308M ($0.73/share), both figures fell short of consensus estimates ($1.16B revenue, $0.92 EPS). Silver production met guidance at 6.5M ounces, but gold operations underperformed, and management lowered full-year production guidance to the bottom end of its range.