Pan American Silver (PAAS) Reports Q1 EPS

Pan American Silver Corp. (NYSE:PAAS) is one of the 10 Best Quality Stocks to Buy and Hold for the Next 5 Years.

On May 5, 2026, Pan American Silver Corp. (NYSE:PAAS) reported Q1 adjusted EPS of $1.09, versus the $1.06 consensus estimate. Revenue totaled $1.15B, while attributable revenue reached $1.33B compared to consensus expectations of $1.22B. CEO Michael Steinmann said the quarter delivered solid results driven by strong production, disciplined cost management, and improved silver and gold prices compared to the prior quarter. He added that the company remains on track to meet its 2026 guidance and generated $488M in free cash flow during Q1. Cash and short-term investments rose to a record $1.8B, including $199M attributable to the company’s interest in Juanicipio.

Pan American Silver Corp. (NYSE:PAAS) raised its FY26 project capital expenditure outlook to $240M-$255M from the prior $195M-$210M range. The increase reflects additional planned spending on the La Colorada Skarn Project following the release of a revised Preliminary Economic Assessment during Q1 2026. The company now expects to spend $92M-$95M on the project this year versus prior guidance of $47M-$50M. The company maintained its 2026 operating outlook for silver and gold production, zinc, lead and copper production, all-in sustaining costs for its silver and gold segments, and sustaining capital expenditures. Pan American Silver also said gold production is now expected to be more heavily weighted toward the fourth quarter of 2026 as some second-quarter production is expected to shift later in the year.

Before the earnings release, Scotiabank raised its price target on Pan American Silver Corp. (NYSE:PAAS) to $65 from $64 and maintained an Outperform rating as part of a broader update on gold and precious metals companies under coverage.

Pan American Silver Corp. (NYSE:PAAS) explores, develops, extracts, processes, and reclaims mining operations across Latin America and Canada.

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