Pan American Silver (PAAS)
NYSE:PAAS
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.13Last Year’s EPS
0.43Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial performance in Q1 2026 — robust production, very low silver AISC, strong free cash flow ($488M) and a record cash position (> $1.8B). Management accelerated shareholder returns (targeting 35%–40% of free cash flow, up to $1B) and approved initial capital to advance the high‑priority La Colorada skarn, while making progress on other optimization projects. Key risks highlighted include the ongoing Escobal suspension with no restart timeline, an inventory build-up that reduced revenue recognition, potential inflationary pressures from fuel, and some schedule/engineering timing for major project deliverables. Overall, the positives (strong cash generation, low costs, major growth approvals and an investor‑friendly capital return package) outweigh the listed challenges.Company Guidance
Strong production and low unit costs
Attributable silver production of 6.4 million ounces and attributable gold production of 169,000 ounces in Q1 2026, in line with outlook. Silver-segment all-in sustaining costs (AISC) were $6.63/oz (noted as well below guidance) and gold-segment AISC was $1,851/oz (consistent with expectations).
Robust financial results and cash generation
Revenue of ~$1.2 billion; net earnings of $456 million (EPS $1.08) and adjusted earnings of $1.09 per share. Generated $488 million of attributable free cash flow in Q1 and finished the quarter with a record cash and short-term investment balance of over $1.8 billion (including cash attributable to the company's interest in joint assets).
Enhanced shareholder return framework
Board introduced a new framework targeting the return of 35%–40% of annual attributable free cash flow to shareholders via dividends and share repurchases (up to $1.0 billion total). Planed 2026 aggregate dividends ~ $305 million (implying quarterly dividend ~$0.18 per common share) and ~ $700 million earmarked for share repurchases.
La Colorada skarn project de-risked and advanced
Revised PEA for La Colorada skarn shows substantive improvements (higher grades, lower capital intensity and lower technical risk). Projected average peak production ~19.1 million ounces of silver annually for the 5-year peak period. Board approved initial project capital of $265 million over next 5 years; expected La Colorada 2026 spend raised to $92–95 million; updated study reduced upfront CapEx by roughly ~$1 billion and redesigned to a smaller higher‑grade starter using conventional long‑haul open stope mining.
Progress on other growth and optimization initiatives
Jacobina optimization progressed (two new carbonate pulp tanks commissioned, tailings pump system improvements; conceptual engineering near completion). Timmins/Bell Creek shaft extension approved (~$131 million) to extend operation into the 2040s. Development plans include ~12.4 km of decline development for La Colorada over 5 years and decline dimensions sized for 50‑ton trucks.
Maintained full‑year outlook and disciplined capital allocation
Despite Q1 outcomes and project approvals, company is maintaining full‑year guidance for production, AISC and sustaining capital while emphasizing disciplined capital allocation, continued M&A optionality and resilience across commodity cycles.
PAAS Earnings History
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 |
|---|---|---|---|
May 05, 2026 | $50.52 | $56.59 | +12.02% |
Feb 18, 2026 | $57.86 | $61.05 | +5.52% |
Nov 12, 2025 | $38.12 | $38.80 | +1.77% |
Aug 06, 2025 | $29.05 | $31.12 | +7.12% |
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 Aug 12, 2026, After Close (Confirmed).
What is Pan American Silver (PAAS) earnings time?
Pan American Silver (PAAS) earnings time is at Aug 12, 2026, 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 2026 (Q2) is 1.13.