Pan American Silver Corp. reports news on silver and gold mining operations, exploration and development across the Americas. Company updates commonly cover mine operating results, silver and gold production, costs, cash flow, and capital allocation through dividends and common share repurchases under its normal course issuer bid.
Recurring announcements also address the La Colorada mine in Zacatecas, Mexico, including skarn project studies, high-grade vein drilling, mineral resource work and technical reports. Governance news includes annual meeting materials, director elections, auditor appointments and say-on-pay results.
Pan American Silver (PAAS) reported third-quarter 2026 net earnings of $357 million, alongside higher revenue and a reduced gold production outlook. Revenue reached $1,006 million versus $855 million a year earlier; basic earnings per share rose to $0.86 from $0.45. Attributable free cash flow, a non-GAAP measure reflecting ownership shares, was $377 million versus $256 million. Shareholder returns totaled $300 million in the quarter.
The company lowered 2026 gold production guidance to 660–680 thousand ounces and raised gold all-in sustaining cost guidance to $2,000–$2,150 per ounce. Jacobina faces seismicity and ventilation and secondary-egress issues identified during a technical inspection. Silver production is expected at the low end of unchanged 25–27 million-ounce guidance. Available liquidity totaled $3.4 billion, including cash at Juanicipio. Project capital guidance fell to $195–$210 million from $240–$255 million.
Pan American Silver (NYSE: PAAS; TSX: PAAS) acquired 6,250,000 Galleon Gold common shares through a completed non-brokered private placement. The purchase price was C$1.12 per share. The investment closed alongside Galleon's bought-deal private placement.
Pan American now holds 26,074,766 Galleon shares, representing approximately 15.6% ownership on a non-diluted basis. It also holds 9,375,000 warrants exercisable at C$0.75 per share until December 4, 2027, and a previously issued C$8,000,000 convertible debenture bearing 10.0% annual interest. Converting the debenture principal and exercising the warrants would bring its holdings to 53,227,543 shares, representing 19.6% on a fully diluted basis and 27.3% on a partially diluted basis. Pan American describes the acquisition as a long-term investment and may buy or sell Galleon securities depending on market conditions and other factors.
Pan American Silver (PAAS) announced that Charles (Chuck) Jeannes will retire from its Board of Directors effective October 31, 2026.
The company said Jeannes is stepping away to focus more on his role as chair of Equinox Gold’s board, a position he assumed on July 31, 2026. He joined Pan American’s board following its acquisition of Tahoe Resources in 2019. Board Chair Gillian Winckler and Chief Executive Officer Michael Steinmann thanked him for his service and contributions.
Pan American Silver (PAAS) will announce its third-quarter 2026 unaudited financial results after market close on November 4, 2026.
A conference call and webcast are planned for November 5, 2026, at 10:00 am ET (8:00 am PT). The live webcast and presentation slides will be available on the company's website, with a webcast archive available for three months.
Pan American Silver (PAAS) reported updated mineral reserves and resources as at June 30, 2026, totaling 511.1 Moz silver P&P.
Proven and probable reserves are estimated at 511.1 million ounces of silver and 6.3 million ounces of gold, including the company’s 44% share of Juanicipio following the MAG Silver acquisition completed on September 4, 2025. Measured and indicated resources (exclusive of reserves) total 1,126.7 million ounces of silver and 7.5 million ounces of gold, while inferred resources total 437.0 million ounces of silver and 7.2 million ounces of gold.
The company reported replacing over 100% of silver extracted over the 12 months to June 30, 2026, with reserve additions at La Colorada, Huaron, San Vicente, Cerro Moro and Minera Florida, and ongoing development at Timmins and Vogel. As of August 31, 2026, 351,000 metres of a planned >500,000 metres of 2026 drilling had been completed.
Pan American Silver (NYSE: PAAS) reported Q2 2026 revenue of $1.124 billion and Attributable revenue of $1.268 billion, with net earnings of $305 million ($0.72 per share) and adjusted earnings of $308 million ($0.73 per share). Cash flow from operations was $320 million, or $418 million on an Attributable basis, generating Attributable free cash flow of $344 million.
Attributable silver production reached 6.47 million ounces, at the high end of guidance, while Attributable gold production of 165.9 thousand ounces was below the quarterly outlook. Silver Segment AISC were $17.80/oz and Gold Segment AISC $1,984/oz, both slightly above the quarterly outlook ranges.
The company returned a record $300 million to shareholders in Q2 via $224 million of share repurchases (4.4 million shares at $51.46) and $76 million in dividends, and declared a further Q2 dividend of $0.184 per share. Pan American ended the quarter with $1.8 billion in cash and short-term investments and an undrawn $1.5 billion revolving credit facility (plus a $750 million accordion), for total available liquidity of $3.2 billion. Project spending in H1 2026 included $20 million at La Colorada Skarn, where the first cut of the 588 Decline was completed in early August, $22 million at Jacobina for infrastructure and plant upgrades, and initial approvals for the $146 million first phase of the Timmins Camp Project.
Pan American Silver (NYSE: PAAS) will release its unaudited Q2 2026 financial results after market close on Wednesday, August 12, 2026. A conference call and webcast are scheduled for Thursday, August 13, 2026 at 11:00 am ET (8:00 am PT).
Investors can access the webcast, slides, and a three‑month archive via Pan American Silver’s investor events webpage, or join the call using toll‑free, international, or web phone options.
Orvana Minerals (TSX: ORV) expanded its Taguas Project in San Juan, Argentina, by acquiring the adjacent Evelina Property from a Pan American Silver (NYSE/TSX: PAAS) subsidiary for US$1.2 million.
The four Evelina claims add 4,015 hectares, increasing Taguas’ footprint by about 123% to 7,289 hectares and extending the project along the same metallogenic belt, supporting district-scale epithermal and porphyry exploration potential.
Pan American Silver (NYSE:PAAS) outlined an exploration and development update for its Timmins operations in Ontario. A first phase of the Timmins Camp Project, totaling about $146 million, includes a 625m Bell Creek shaft extension, an 814m Vogel access drift and a 1.3km Samson exploration drift.
In 2026, about 118,000m of drilling is planned. As of June 30, 2025, Vogel, Samson and Gold River together host several hundred thousand ounces of indicated and inferred gold mineral resources. An updated reserve and resource statement is targeted for Q3 2026.
Pan American Silver (NYSE:PAAS) released its 2025 Sustainability Report, detailing environmental, social and governance performance and 2026 goals. The company surpassed its annual GHG reduction target, staying on track for at least a 30% cut in Scope 1 and 2 emissions by 2030.
Other 2025 highlights include expanded iREC coverage to six mine sites, rehabilitation of 62 hectares of land, US$20.4 million invested in community programs, 95% retention of women employees, and enhanced supplier due diligence. The report follows GRI, SASB Metals & Mining and TCFD frameworks.
Pan American was included in the Dow Jones Best in Class North America Index and S&P Global Sustainability Yearbook 2026, ranking in the top 5% of the metals and mining industry.