Quarterly ResultMay 6, 2026, 06:08 AM
Pan American Silver Q1 Net Earnings $456M, Revenue $1.15B, EPS $1.08
AI Summary
Pan American Silver Corp. reported strong financial results for Q1 2026, with net earnings significantly increasing to $456 million and revenue reaching $1.15 billion. Basic earnings per share rose to $1.08. The company saw a substantial increase in attributable silver production, largely due to the Juanicipio mine acquisition in September 2025, while gold production slightly decreased. Pan American reaffirmed its 2026 operating outlook and increased planned spending for the La Colorada Skarn Project.
Key Highlights
- Net earnings for Q1 2026 were $456 million, up from $169 million in Q1 2025.
- Revenue for Q1 2026 increased to $1.15 billion, from $773 million in Q1 2025.
- Basic earnings per share rose to $1.08 in Q1 2026, compared to $0.47 in Q1 2025.
- Attributable silver production was 6.44 million ounces, up 28.8% from 5.00 million ounces.
- Silver Segment AISC decreased to $6.63 per ounce from $13.88 per ounce in Q1 2025.
- Net cash from operating activities was $505 million, significantly up from $177 million.
- Declared a dividend of $0.18 per common share for May 2026.
- Repurchased $25 million in common shares under its Normal Course Issuer Bid.