Is Pan American Silver (PAAS) One of the Best Canadian Stocks to Buy for Long Term?

Pan American Silver Corp. (NYSE:PAAS) is one of the 10 Best Canadian Stocks to Buy for Long Term.

Pan American Silver Corp. (NYSE:PAAS) is one of the best Canadian stocks to buy for long term. On March 26, Bank of America raised the price target for Pan American Silver to $94 from $84 with a Buy rating, following the release of the updated Preliminary Economic Assessment for the La Colorada Skarn project. Analysts highlighted that the revised plan reduces upfront capital expenditures compared to previous estimates while still maintaining a robust production growth profile for silver, zinc, and lead.

Additionally, on March 24, Pan American Silver announced a Revised Preliminary Economic Assessment/PEA for its 100% owned La Colorada property in Zacatecas, Mexico, positioning it to become one of the world’s largest and lowest-cost silver mines. The plan involves the simultaneous development of newly identified high-grade silver veins and high-grade portions of the skarn deposit using conventional long-hole open stoping.

The project includes the construction of a new 15,000 tonnes per day processing plant, with existing vein mine operations continuing throughout construction to achieve a significantly expanded production profile. The Revised PEA highlights exceptional economic potential, forecasting an average annual silver production of 19.1 million ounces during the peak five years following ramp-up. With base case silver prices set at $45.00 per ounce, the project boasts an after-tax net present value of $2.6 billion and an internal rate of return of 17%.

Pan American Silver Corp. (NYSE:PAAS) is a premier Canadian-based mining company that explores, extracts, and produces silver and gold, along with base metals like zinc, lead, and copper, primarily in the Americas. It operates high-margin mines and aims to be the world’s leading silver producer.

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