Pan American Silver Corp. reported Q3 2026 revenue of $1,006 million, up from $855 million, and net earnings of $357 million versus $169 million a year earlier. Operating cash flow was $377 million versus $313 million. Attributable silver production was 6.07 million ounces versus 5.46 million; gold production was 167.9 thousand ounces versus 183.5 thousand. Silver Segment AISC was $11.21 per ounce versus $15.43; Gold Segment AISC was $2,281 per ounce versus $1,697.
For 2026, silver production is expected at the low end of 25–27 million ounces, with Silver Segment AISC toward the low end of $15.75–$18.25 per ounce. Gold production guidance was revised from 700.0–750.0 thousand ounces to 660.0–680.0 thousand ounces, and Gold Segment AISC from $1,700–$1,850 to $2,000–$2,150 per ounce. Project capital is expected at $195–$210 million, versus $240–$255 million previously, due to spending timing. Huaron mill repairs were ongoing and anticipated to finish in November, with additional Q4 downtime.
On September 15, 2026, the company completed the sale of the Larder Project to Cadillac Mines Corporation, receiving 15 million common shares valued at $77 million and recording a $25 million gain.
Pan American Silver Corp. (PAAS) acquired 6,250,000 common shares of Galleon Gold Corp. for C$1.12 per share through a non-brokered private placement completed alongside Galleon’s bought deal. In that offering, Galleon issued 4,717,000 flow-through shares at C$1.59 for approximately C$7.5 million in gross proceeds and 20,089,271 common shares at C$1.12 for approximately C$22.5 million in gross proceeds.
After the acquisition, Pan American owned or controlled 26,074,766 Galleon common shares, 9,375,000 warrants and a convertible debenture. Those holdings represented approximately 15.6% of Galleon’s issued and outstanding shares on a non-diluted basis and approximately 27.3% on a partially-diluted basis. If Pan American converted the debenture principal and exercised its warrants, it would own 53,227,543 common shares, representing 19.6% on a fully-diluted basis and 27.3% on a partially-diluted basis.
Pan American Silver Corp. (PAAS) announced that director Charles (Chuck) Jeannes will retire from its Board of Directors effective October 31, 2026. Jeannes joined the board following the company’s acquisition of Tahoe Resources Inc. in 2019. He is stepping away to focus more on his role as Chair of Equinox Gold Corp.’s Board of Directors, a position he assumed on July 31, 2026.
Pan American Silver Corp. will announce its unaudited third-quarter 2026 financial results after market close on November 4, 2026. A conference call and webcast are planned for November 5, 2026, at 10:00 a.m. ET (8:00 a.m. PT). Participants can register online to receive dial-in details, and a live webcast and presentation slides will be available on the company’s investor website. An archived webcast will be available for three months.
Pan American Silver Corp. will release its unaudited financial results for the second quarter of 2026 after market close on Wednesday, August 12, 2026. These results will give an update on its silver and gold mining operations across the Americas.
The company will host a conference call and webcast at 11:00 am ET (8:00 am PT) on Thursday, August 13, 2026, with live slides and a replay available for three months. Investors can register online to receive dial-in details or join via provided phone numbers.
Pan American Silver Corp. is advancing a multi-year growth plan for its Timmins gold operations in Ontario, supported by extensive exploration success at the Bell Creek, Vogel, Samson and Gold River areas.
The board approved the first phase of the Timmins Camp Project, including a 625m shaft extension at Bell Creek, an 814m drift to access the Vogel deposit, and a 1.3km exploration drift to access the Samson deposit, for a total investment of about $146 million. Initial 2026 spending of $40–$43 million was already included in guidance, so there is no change to the Company’s 2026 outlook.
Timmins currently has two underground mines feeding the Bell Creek plant, which can process about 5,600 tonnes per day versus current throughput of roughly 4,400 tonnes per day. The new work aims to use this spare capacity and extend mine life by converting and adding mineral resources. Drilling programs have delivered multiple high-grade gold intercepts at Bell Creek and Vogel, and Pan American plans roughly 118,000 metres of drilling at Timmins in 2026. Updated mineral reserve and resource estimates for Timmins, Vogel and Gold River are expected as of June 30, 2026, alongside a corporate-wide update in the third quarter of 2026.
Van Eck Associates Corporation reported beneficial ownership of 21,402,358 common shares of Pan American Silver Corp, equal to 5.08% of the class as of 03/31/2026. The filing (Amendment No. 18) lists sole voting and dispositive power over these shares.
Pan American Silver Corp. has called its 2026 annual general and special meeting of shareholders for 10:00 a.m. (Vancouver time) on April 30, 2026 in Vancouver. Shareholders of record at the close of business on March 4, 2026 may vote.
Items include receiving 2025 financial statements, setting the Board at ten directors, electing ten nominees, reappointing Deloitte LLP as auditor and authorizing its fees, and an advisory “say on pay” vote on executive compensation. The company is using Canadian notice-and-access rules, posting proxy materials online and mailing only a notice and proxy or voting instruction form, though paper copies of the circular are available free on request.
Pan American Silver Corp. has discovered at least four new high‑grade veins and related replacement mineralization at its La Colorada mine in Zacatecas, Mexico, based on 17,774 metres of drilling in 38 holes completed between November 2025 and January 2026.
The new Filomena, Nicolasa, Bernardina and Josefina veins form a structural cluster about 500 metres long and 500 metres deep, with silver assays above 1,000 g/t in 40% of reported drill holes and notable gold and base‑metal grades. Pan American also delineated the La Chona breccia with intervals up to 65.63 metres grading 101 g/t silver, and extended the Mariana and NC2 vein systems about 200 metres east.
The company states these results indicate potential to add to mineral resources at La Colorada and will be incorporated into a mineral reserve and mineral resource update as at June 30, 2026, supporting a phased development plan that targets higher‑grade zones in the vein mine and skarn deposit.
Pan American Silver Corp. is renewing its normal course issuer bid, allowing it to repurchase up to 21,090,323 common shares, about 5% of its 421,806,464 issued and outstanding shares as of February 28, 2026. The bid will run from March 6, 2026 to March 5, 2027, with purchases on the TSX, NYSE and alternative trading systems at prevailing market prices and all repurchased shares cancelled.
The company will fund purchases from working capital and is not obligated to buy any specific amount, leaving timing and volume at management’s discretion. Under the current bid, it had approval to buy up to 18,107,917 shares and had repurchased 819,558 shares at a volume weighted average price of approximately C$52.43 per share as of February 28, 2026. Management states it is undertaking the new bid because it believes the share price may not fully reflect the underlying value and that using excess cash to repurchase shares can provide an attractive risk-adjusted return.