Silver miner Pan American's Q3 revenue beats expectations

Pan American Silver

12/11/2025 22:12

Overview

Pan American Q3 revenue of $884.4 mln beats analyst expectations

Adjusted EPS for Q3 beats consensus at $0.48

Company reports record free cash flow of $251.7 mln

Outlook

Pan American raises 2025 silver production guidance to 22.0-22.5 mln ounces

Company lowers 2025 Silver Segment AISC to $14.50-$16.00 per ounce

Pan American maintains 2025 outlook for gold production and capital expenditures

Result Drivers

MAG ACQUISITION - Acquisition of MAG Silver and Juanicipio mine contributed significantly to silver segment operations and free cash flow

SILVER PRODUCTION GUIDANCE - Increased silver production guidance and lowered Silver Segment AISC due to Juanicipio's contribution

LA COLORADA SKARN PROJECT - Exploring a two-phase development plan for La Colorada Skarn project to deliver a less capital-intensive first phase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$884.40 mln
$870 mln (1 Analyst)
Q3 Adjusted EPS
Beat
$0.48
$0.44 (3 Analysts)
Q3 EPS
$0.45
Q3 Net Income
$169.20 mln
Q3 Dividend
$0.14


Press Release: ID:nBw5Hc2rra

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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.)