Canada's Pan American Silver Q4 revenue hits record, dividend up 29%

Pan American Silver

18/02/2026 22:15

Overview

Silver and gold producer's Q4 revenue reached record levels, driven by higher metal prices

Adjusted EPS for Q4 beat analyst expectations

Company increased dividend by 29% for Q4 2025

Outlook

Pan American Silver forecasts 2026 silver production at 25-27 mln ounces

Company expects 2026 gold production between 700-750 thousand ounces

Pan American Silver projects 2026 silver segment AISC at $15.75-$18.25 per ounce

Result Drivers

HIGHER METAL PRICES - Record Q4 revenue driven by higher realized prices for silver and gold

SILVER SEGMENT COSTS - Lower silver segment all-in sustaining costs contributed to strong results

JUANICIPIO CONTRIBUTION - Increased silver production and lower costs driven by Juanicipio mine

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$1.11
$0.86 (5 Analysts)
Q4 EPS
$1.07
Q4 Net Income
$452 mln
Q4 Dividend
$0.18


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified mining peer group is "buy"

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBwbwQc5ra

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)