Pan American Silver: Q3 Earnings Snapshot

Pan American Silver (PAAS) reported Q3 2026 earnings, highlighting record $377M free cash flow. CEO Michael Steinmann discussed production challenges, including regulatory issues at Jacobina, mine sequencing at Juanicipio and Cerro Moro, and downtime at Huaron. The company expects 2026 production to be at the low end of guidance due to these factors. Steinmann also addressed exploration updates, capital returns, and the impact of El Nino weather on operations.

Pan American Silver (PAAS) reported Q3 2026 earnings, declaring a $0.185 dividend. Silver production was 6.1M oz, below outlook, while gold production was 168K oz. Full-year silver production is expected at the low end of the 25M-27M oz range. Costs are expected to be at the lower end of guidance. Growth initiatives include La Colorada expansion and Timmins exploration. PAAS adjusted gold guidance and costs due to operational challenges.

Pan American Silver reported Q3 2026 revenue of $1.01B, up 18% YoY but missing estimates by 4.9%. Adjusted EPS of $0.69 beat expectations. Management lowered gold production guidance and raised costs due to weaker output. Gold AISC rose to $2,281/oz, above the revised full-year estimate. The company declared a $0.185 quarterly dividend.

Pan American Silver (PAAS) reduced its 2026 gold output forecast to 660K–680K ounces, with silver production expected at the lower end of its 25M–27M-ounce range. The company also revised its full-year Gold Segment AISC to $2,000–$2,150 per ounce, citing mine-specific operating constraints.

Pan American Silver reported Q3 2026 earnings, with net income of $357 million and adjusted earnings of $287 million. The company generated $377 million in free cash flow, returning $701 million to shareholders. Silver production was 6.07 million ounces, below guidance, while gold production was 167.9 thousand ounces, also below expectations. The company revised its full-year gold production guidance to 660-680 thousand ounces.

Pan American Silver Corp. (PAAS) acquired 6.25 million shares of Galleon Gold Corp. (GGO) for C$1.12 per share. Galleon raised C$29.5 million via a private placement. Post-acquisition, Pan American owns 15.6% of Galleon's shares and has options for further investment. Pan American is a silver and gold producer with operations in the Americas.