Pan American Silver posts Q3 2026 earnings, cuts full‑year gold output guidance
Pan American Silver reported third‑quarter 2026 net earnings of $357 million and adjusted earnings of $287 million, or $0.69 per share. Free cash flow reached a record $377 million and the company returned $701 million to shareholders, including a $0.185 quarterly dividend. Production fell short of outlook, with 6.07 million ounces of silver and 167.9 thousand ounces of gold produced, prompting a revision of full‑year gold output guidance to 660‑680 thousand ounces and an increase in the gold all‑in sustaining cost range to $2,000‑$2,150 per ounce.
Why it matters
The lower gold production forecast and higher gold AISC could compress margins and affect future earnings, as noted by the company in its earnings release. The strong free cash flow and dividend support continued shareholder returns, according to the company's statement.
Key facts
- 1Net earnings were $357 million (basic earnings per share $0.86). stocktitan.net
- 2Adjusted earnings were $287 million, or $0.69 per share. stocktitan.net
- 3Free cash flow for the quarter was $377 million. stocktitan.net
- 4The company returned $701 million to shareholders in Q3 through share repurchases and dividends. stocktitan.net
- 5A quarterly dividend of $0.185 per common share was declared. stocktitan.net
- 6Full‑year gold production guidance was revised to 660‑680 thousand ounces. stocktitan.net
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.