Quarterly ResultAug 13, 2026, 06:02 AM
Pan American Silver Q2 Net Earnings $305M, Revenue $1.12B
AI Summary
Pan American Silver Corp. reported strong financial results for the second quarter of 2026, with net earnings increasing to $305 million and revenue climbing to $1,124 million. Basic EPS also saw a significant rise to $0.72. The company experienced a substantial increase in attributable silver production and a decrease in Silver Segment AISC, while gold production slightly declined and Gold Segment AISC increased. Pan American also declared a quarterly dividend and expanded its credit facility post-quarter.
Key Highlights
- Net earnings for Q2 2026 increased to $305 million from $190 million in Q2 2025.
- Revenue for Q2 2026 rose to $1,124 million, up from $812 million in Q2 2025.
- Basic earnings per share for Q2 2026 was $0.72, compared to $0.52 in Q2 2025.
- Attributable silver production for Q2 2026 was 6.47 million ounces, a 27% increase year-over-year.
- Silver Segment All-in Sustaining Costs (AISC) decreased to $17.80 per ounce in Q2 2026.
- Cash and cash equivalents stood at $1,566 million as of June 30, 2026, up from $1,215 million at year-end 2025.
- The company declared a quarterly dividend of $0.18 per common share.
- Repurchased 4.813 million shares for $249 million under its Normal Course Issuer Bid in H1 2026.
- Credit Facility increased to $1.5 billion with an accordion feature of $750 million post-quarter.
Price Impact
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