Pan American Silver reported a strong financial performance with record revenue and free cash flow, supported by strategic initiatives such as the MAG Silver acquisition and dividend increase. However, challenges in gold production and the ongoing consultation process for Escobal present some operational hurdles.

Company Guidance -

Q3 2025

During the Pan American Silver second quarter 2025 results conference call, the company reported a record-setting financial performance. The top line revenue reached $811.9 million, with net earnings of $189.6 million, or $0.52 per share, driven by record mine operating earnings of $273.3 million. Adjusted earnings were $155.4 million or $0.43 per share. The company's operating cash flow before noncash working capital changes was a record $287.9 million, and free cash flow was $233 million, increasing the cash balance to $1.1 billion. Pan American Silver maintained its guidance for 2025, with silver production achieving 5.1 million ounces at all-in sustaining costs of $19.69 per ounce, and gold production at 178,700 ounces with all-in sustaining costs of $1,611. The company also announced a 20% dividend increase and repurchased nearly 0.5 million common shares. The proposed acquisition of MAG Silver is expected to close in the second half of 2025, with potential to enhance silver production and reduce consolidated segment costs. Total available liquidity was approximately $1.9 billion, supporting future growth opportunities.

Record Financial Performance

Pan American Silver reported record quarterly revenue of $811.9 million, net earnings of $189.6 million, and free cash flow of $233 million. The cash balance reached a record high of $1.1 billion.

MAG Silver Acquisition

Pan American Silver's proposed acquisition of MAG Silver is expected to significantly enhance silver production and free cash flow while reducing costs. MAG shareholders approved the transaction.

Dividend Increase

Pan American announced a 20% dividend increase from $0.10 to $0.12 per common share and has returned approximately $103.5 million to shareholders in dividends and share buybacks.

Silver Production and Cost Management

Silver production reached 5.1 million ounces, achieving all-in sustaining costs of $19.69 per ounce, at the low end of guidance.

Strong Balance Sheet and Liquidity

Total available liquidity at the end of Q2 was approximately $1.9 billion, providing flexibility for growth opportunities.

Pan American Silver (PAAS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PAAS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.52 / -	0.323	―	―	―
Aug 06, 2025	2025 (Q2)	0.40 / 0.43	0.11	292.05% (+0.32)
May 07, 2025	2025 (Q1)	0.20 / 0.42	0.01	4071.43% (+0.41)
Feb 19, 2025	2024 (Q4)	0.37 / 0.36	-0.039	1020.37% (+0.40)
Nov 05, 2024	2024 (Q3)	0.20 / 0.32	0.01	3078.57% (+0.31)
Aug 07, 2024	2024 (Q2)	0.15 / 0.11	0.039	179.63% (+0.07)
May 08, 2024	2024 (Q1)	-0.06 / 0.01	0.098	-89.63% (-0.09)
Feb 22, 2024	2023 (Q4)	0.08 / -0.04	-0.02	-100.00% (-0.02)
Nov 07, 2023	2023 (Q3)	0.06 / 0.01	-0.009	207.69% (+0.02)
Aug 09, 2023	2023 (Q2)	0.07 / 0.04	-0.028	242.11% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PAAS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$29.35	$31.44	+7.12%
May 07, 2025	$24.46	$25.44	+4.01%
Feb 19, 2025	$24.11	$25.28	+4.85%
Nov 05, 2024	$22.24	$22.18	-0.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pan American Silver (PAAS) report earnings?

Pan American Silver (PAAS) is schdueled to report earning on Nov 12, 2025, After Close (Confirmed).

What is Pan American Silver (PAAS) earnings time?

Pan American Silver (PAAS) earnings time is at Nov 12, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PAAS EPS forecast?

PAAS EPS forecast for the fiscal quarter 2025 (Q3) is 0.52.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing