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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

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Pan American Silver (PAAS): Initiation - Lean, Mean Silver Machine

LONDON, UK / ACCESSWIRE / April 13, 2022 / Pan American Silver (PAAS) is one of the world largest primary silver producers, with key operations in the Americas. While the well-timed acquisition of Tahoe Resources in 2019 boosted exposure to gold, given the quality and the calibre of its key silver assets, PAAS remains predominantly a silver play. Although the COVID-19 pandemic and current geopolitical tensions have supported investment demand and driven commodity prices, in the longer term, normalising economic conditions and monetary policy signal a gradual shift to physical demand. With ongoing expansion in renewables, which could intensify due to energy security concerns, we expect solar photovoltaics and general e-mobility to become the main areas of growth for silver.

Our discounted cash flow to equity valuation of PAAS is US$26.2/share, including Escobal at c US$7/share. Combined with an in-situ value of the greenfield projects, a 17% interest in Maverix Metals and Morococha at book value, it implies a total valuation of US$31.0/share. Given the strength in commodity prices, a 10% increase in our silver/gold price deck would boost our valuation by c 20%. Other near-term price catalysts include progress on the Escobal consultation process.

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About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

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SOURCE: Edison Investment Research Limited



View source version on accesswire.com:
https://www.accesswire.com/697266/Pan-American-Silver-PAAS-Initiation--Lean-Mean-Silver-Machine

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