Pan American Silver Reports Record Q2 FCF: More Upside Ahead?

Key Takeaways Pan American Silver posted record Q2 free cash flow of $233M, up 128% year over year.PAAS plans to use $500M of cash reserves to acquire MAG Silver and its Juanicipio stake.The MAG deal is set to lift silver output 35% annually while lowering sustaining costs.Pan American Silver Corp. (PAAS) delivered a record free cash flow of $233 million in the second quarter of 2025, representing a 128% jump from the year-ago period. The company also closed the quarter with a record cash balance of $1.1 bi ...