Research analysts who have asked questions during PAN AMERICAN SILVER earnings calls.
CC
Cosmos Chiu
CIBC World Markets
7 questions for PAAS
Also covers: AGI, EGO, FNV +6 more
Don DeMarco
National Bank Financial
5 questions for PAAS
Also covers: AAUCF, AGI, ARMN +9 more
OH
Ovais Habib
Scotiabank
4 questions for PAAS
Also covers: AGI, BTG, SSRM
FT
Fahad Tariq
Jefferies Financial Group
2 questions for PAAS
Also covers: AEM, BTO, ERO +8 more
Francesco Costanzo
Scotiabank
2 questions for PAAS
Also covers: BTG, EQX
LW
Lawson Winder
Bank of America
2 questions for PAAS
Also covers: AA, AEM, CCJ +22 more
AD
Adrian Day
Adrian Day Asset Management
1 question for PAAS
Also covers: AU, FSM, OR
Recent press releases and 8-K filings for PAAS.
Pan American Silver Discusses Strong Performance, Growth Projects, and Shareholder Returns
PAAS
New Projects/Investments
Dividends
Share Buyback
- Pan American Silver reported a strong Q4 2025, generating over $550 million in free cash flow, and anticipates even higher Q1 2026 results due to rising metal prices. The Juanicipio mine significantly contributed to lower corporate-wide costs and a 14% increase in silver production in 2025.
- The company is advancing the La Colorada skarn project, a major brownfield development expected to add substantial silver production for 15-20 years in its initial phase, with an updated Preliminary Economic Assessment (PEA) anticipated in Q2 2026. Additionally, the Escobal mine offers significant production upside of 22 million ounces of silver annually at low costs if it resumes operations, structured to avoid financial downside for Pan American Silver.
- Pan American Silver prioritizes shareholder returns, having increased its dividend by 29% last week for the third consecutive quarter and maintaining a share buyback program. The company expects an 8% increase in wage costs, translating to a 3%-4.5% overall cost increase for operations due to inflation.
4 days ago
Pan American Silver Discusses Strong Q4 2025, Q1 2026 Outlook, and Key Growth Projects
PAAS
Guidance Update
New Projects/Investments
Dividends
- Pan American Silver reported a strong Q4 2025, generating over $550 million of free cash flow, and anticipates an even stronger Q1 2026 due to current silver prices of $85-$87.
- The Juanicipio mine has significantly lowered corporate-wide costs and contributed to a 14% increase in silver production for the current year.
- The company is advancing the La Colorada skarn project, a major growth initiative with an updated PEA expected in Q2 2026, projected to substantially increase silver production from La Colorada for 15-20 years.
- The Escobal project represents a significant upside, with the potential to produce 22 million ounces of silver annually at an estimated $12-$13 all-in cost, and its return to production would involve issuing approximately 15 million Pan Am shares.
- Pan American Silver ended 2025 with over $1.3 billion in cash and has demonstrated a commitment to shareholder returns by increasing its dividend for three consecutive quarters, including a recent 29% increase, and maintaining a share buyback program.
4 days ago
Pan American Silver Discusses Strong Q4 2025 Performance and Growth Initiatives
PAAS
New Projects/Investments
Dividends
Share Buyback
- Pan American Silver, a leading silver producer, reported over $550 million in free cash flow for Q4 2025 and anticipates higher average silver prices for Q1 2026.
- The acquisition of MAG Silver and its Juanicipio mine has significantly contributed to a 14% increase in silver production and reduced corporate-wide costs.
- The company is advancing the La Colorada Skarn project, with an updated PEA expected in Q2 2026 for a less capital-intensive Phase One, projected to operate for 15-20 years.
- The Escobal project offers substantial upside, with the potential to add 22 million ounces of silver production annually with minimal financial downside for existing shareholders.
- Pan American Silver ended 2025 with over $1.3 billion in cash and demonstrated commitment to shareholder returns by increasing its dividend by 29% and maintaining a share buyback program.
4 days ago
Pan American Silver Reports Record Q4 and Full Year 2025 Results, Provides 2026 Guidance
PAAS
Earnings
Guidance Update
New Projects/Investments
- Pan American Silver reported record financial results for Q4 and full year 2025, with net earnings of $452 million in Q4 and $980 million for the full year, and record attributable free cash flow of $1.2 billion for 2025.
- The company's 2025 operational performance included attributable silver production of 22.8 million ounces, exceeding guidance, and gold production of 742,200 ounces, within guidance. Silver segment all-in sustaining costs were $13.88 per ounce for the full year, below decreased guidance.
- For 2026, the company guides for attributable silver production of 25-27 million ounces and gold production of 700,000-750,000 ounces. Silver segment all-in sustaining costs are projected at $15.75-$18.25 per ounce, and gold segment costs at $1,700-$1,850 per ounce.
- Key strategic initiatives include an updated Preliminary Economic Assessment (PEA) for La Colorada Skarn in Q2 2026, detailing a phased approach, and the Juanicipio mine's better-than-expected performance contributing to 2026 production.
Feb 19, 2026, 4:00 PM
Pan American Silver Reports Record Q4 and Full Year 2025 Results, Provides 2026 Guidance
PAAS
Earnings
Guidance Update
New Projects/Investments
- Pan American Silver delivered record financial results for Q4 and full year 2025, with net earnings of $452 million ($1.07 per basic share) in Q4 and $980 million ($2.56 per basic share) for the full year, and record attributable free cash flow of $553 million in Q4 and $1.2 billion for the full year.
- The company ended 2025 with $1.3 billion in cash and short-term investments and declared a dividend of $0.18 per common share, marking its third consecutive increase.
- Attributable silver production of 22.8 million ounces in 2025 exceeded the top end of guidance, while attributable gold production of 742,200 ounces was within guidance. Silver all-in sustaining costs were $9.51 per ounce in Q4 and $13.88 per ounce for the full year, which was below the decreased guidance.
- For 2026, Pan American Silver guides attributable silver production of 25-27 million ounces and gold production of 700,000-750,000 ounces. Silver segment all-in sustaining costs are projected to be $15.75-$18.25 per ounce, and gold segment costs $1,700-$1,850 per ounce.
- The company plans to release an updated technical report for La Colorada Skarn in Q2 2026, which will include a preliminary economic assessment of a new phased development approach focusing on higher grades and lower capital intensity.
Feb 19, 2026, 4:00 PM
Pan American Silver Reports Record Q4 and Full-Year 2025 Results, Provides 2026 Guidance
PAAS
Earnings
Guidance Update
New Projects/Investments
- Pan American Silver reported record net earnings of $452 million in Q4 2025 and $980 million for the full year, alongside record attributable free cash flow of $553 million in Q4 and $1.2 billion for the full year.
- The company's 2025 attributable silver production of 22.8 million ounces exceeded guidance, and gold production of 742,200 ounces was within guidance, with silver segment all-in sustaining costs of $13.88 per ounce for the full year, below decreased guidance.
- For 2026, Pan American Silver guides attributable silver production of 25-27 million ounces and gold production of 700,000-750,000 ounces, with silver segment all-in sustaining costs projected between $15.75-$18.25 per ounce.
- Cash and short-term investments increased to $1.3 billion at year-end 2025, and the company declared a dividend of $0.18 per common share, marking its third consecutive increase.
- An updated technical report for the La Colorada Skarn project is expected in Q2 2026, outlining a phased development approach focusing on higher grade, lower tonnage, and less capital-intensive initial stages.
Feb 19, 2026, 4:00 PM
Pan American Silver Reports Record Q4 and FY 2025 Financial Results and Provides 2026 Outlook
PAAS
Earnings
Dividends
Guidance Update
- Pan American Silver reported record financial results for Q4 2025 and FY 2025, with revenue of $1.2 billion and $3.6 billion, respectively, and net earnings of $452 million and $980 million.
- The company generated record cash flow from operations of $554 million in Q4 2025 and $1,333 million for FY 2025, ending the year with $1,319 million in cash and short-term investments.
- Pan American Silver increased its dividend to $0.18 per common share for Q4 2025 and returned a total of $221 million to shareholders in 2025 through dividends and share buybacks.
- For 2026, the company forecasts attributable silver production of 25 - 27 million ounces and gold production of 700 - 750 thousand ounces, with Silver Segment All-In Sustaining Costs (AISC) between $15.75 and $18.25 per ounce.
Feb 18, 2026, 10:24 PM
Pan American Silver Reports Record Q4 and FY 2025 Financial Results, Increases Dividend
PAAS
Earnings
Dividends
Guidance Update
- Pan American Silver reported record revenue of $1.2 billion and net earnings of $452 million for Q4 2025, and $3.6 billion in revenue and $980 million in net earnings for FY 2025.
- The company generated record cash flow from operations of $554 million in Q4 2025 and $1.333 billion for FY 2025.
- Pan American Silver increased its Q4 2025 dividend by 29% to $0.18 per common share and returned $221 million to shareholders in 2025 through dividends and share buybacks.
- For 2026, the company forecasts an approximate 14% increase in attributable silver production over 2025, with Silver Segment all-in sustaining costs (AISC) projected between $15.75 and $18.25 per ounce.
Feb 18, 2026, 10:05 PM
Pan American Silver announces 2025 production results and 2026 guidance
PAAS
Earnings
Guidance Update
New Projects/Investments
- Pan American Silver Corp. exceeded its updated annual guidance for attributable silver production in FY 2025, reaching 22.8 million ounces, while attributable gold production was 742.2 thousand ounces, within guidance.
- The company reported a strong financial position at December 31, 2025, with estimated cash and short-term investments totaling $1,319 million and total available liquidity at $2,069 million.
- For 2026, the company forecasts attributable silver production between 25.0 million to 27.0 million ounces and attributable gold production between 700.0 thousand to 750.0 thousand ounces.
- All-in sustaining costs (AISC) for 2026 are projected to be between $15.75 and $18.25 per ounce for the Silver Segment and between $1,700 and $1,850 per ounce for the Gold Segment.
- Total capital expenditures for 2026 are expected to range from $515 million to $550 million, including $320 million to $340 million in sustaining capital and $195 million to $210 million in project capital.
Jan 20, 2026, 11:05 PM
Pan American Silver Announces 2025 Production Results and 2026 Guidance
PAAS
Guidance Update
New Projects/Investments
Earnings
- Pan American Silver exceeded its updated annual guidance for attributable silver production in 2025, reaching 22.8 million ounces, and met its gold production guidance with 742.2 thousand ounces.
- The company reported a strong financial position at December 31, 2025, with estimated cash and short-term investments of $1,319 million and total available liquidity of $2,069 million.
- For 2026, Pan American Silver forecasts attributable silver production between 25.0 million and 27.0 million ounces and gold production between 700.0 thousand and 750.0 thousand ounces.
- Expected capital expenditures for 2026 are between $515 million and $550 million, with Silver Segment all-in sustaining costs (AISC) projected at $15.75 to $18.25 per ounce and Gold Segment AISC at $1,700 to $1,850 per ounce.
Jan 20, 2026, 10:05 PM
Fintool News
In-depth analysis and coverage of PAN AMERICAN SILVER.
Quarterly earnings call transcripts for PAN AMERICAN SILVER.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more