12 Best Gold Stocks to Invest In According to Billionaires

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9. Pan American Silver Corp. (NYSE:PAAS)

Number of Billionaire Investors: 10

Number of Hedge Fund Holders: 35

In Latin America and Canada, Pan American Silver Corp. (NYSE:PAAS) is a mining company that explores, develops, and extracts copper, zinc, lead, gold, and silver. In Peru, Mexico, Argentina, Bolivia, and Brazil, it manages a varied portfolio of mining projects. It is among the best gold stocks on our list.

Stronger metal prices and better operating performance propelled Pan American Silver Corp.’s (NYSE:PAAS) outstanding financial results for the quarter that ended on March 31, 2025. The company reported $773.2 million in revenue and $169.3 million in net earnings, or $0.47 per share. Operating cash flow prior to working capital adjustments was $240.1 million, while adjusted earnings were $153 million. At the end of the quarter, the company had $1.16 billion in total working capital and a healthy $923 million cash position.

Furthermore, 182,200 ounces of gold and 5.0 million ounces of silver were produced in Q1 2025. All-in sustaining costs for the company’s gold and silver sectors were $1,485 and $13.94 per ounce, respectively. The management reiterated its full-year 2025 forecast, predicting increased output in the second half of 2025.

During the quarter, project development funding was allocated to further exploration and optimization of important assets. The La Colorada Skarn project continued to receive investment, and drilling and engineering advancements were also made. Continuous optimization efforts were made in the Jacobina and Timmins operations, and the Escobal consultation process went on without a restart schedule being established.

Pan American Silver Corp. (NYSE:PAAS) repurchased more than 900,000 shares as part of its buyback program and announced a $0.10 per share dividend for the first quarter. The company’s steady outlook and robust cash generation allow it to be committed to strategic growth projects and careful capital allocation until 2025.

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