Pan American Silver(US:PAAS) Businesswireยท2025-11-12 22:01Core Insights - Pan American Silver Corp. reported record attributable free cash flow of $251.7 million for Q3 2025, leading to a cash and short-term investments balance of $910.8 million, plus an additional $85.8 million at Juanicipio [2][6] - The company increased its dividend to $0.14 per common share for Q3 2025, reflecting strong cash flow generation [2][5] - Following the acquisition of MAG Silver, the company raised its 2025 silver production guidance and lowered estimated all-in sustaining costs (AISC) for the Silver Segment [2][6] Financial Performance - Attributable revenue for Q3 2025 was $884.4 million, compared to $715.0 million in Q3 2024 [15] - Net earnings were $169.2 million, or $0.45 basic earnings per share, up from $57.1 million, or $0.16 per share, in the previous year [14] - Adjusted earnings for the quarter were $181.0 million, or $0.48 adjusted earnings per share, compared to $114.7 million, or $0.32 per share, in Q3 2024 [14] Production Metrics - Attributable silver production reached 5.5 million ounces, while gold production was 183.5 thousand ounces [8][15] - Silver Segment AISC was reported at $15.43 per ounce, down from $20.90 per ounce in the previous year [15] - Gold Segment AISC increased to $1,697 per ounce, compared to $1,516 per ounce in Q3 2024 [15] Project Updates - The La Colorada Skarn project is being evaluated for a two-phase development plan, which aims to deliver a higher grade, lower tonnage, and less capital-intensive first phase [9] - The company is also discussing potential partnerships for the development of the Skarn project [9] - The Escobal mine remains non-operational, with ongoing consultations related to the ILO 169 process [10] Leadership Changes - Scott Campbell has been appointed as Chief Operating Officer effective October 20, 2025, succeeding Steve Busby, who will serve as Special Advisor to the CEO [11][12]