Pan American Silver(US:PAAS) 智通财经网·2026-01-22 03:10Group 1 - Pan American Silver Company (PAAS.US) reported a record silver production of 7.3 million ounces in Q4, leading to a total silver production of 22.8 million ounces for FY2025, exceeding annual guidance [1] - The company expects silver production for 2026 to be between 25 million and 27 million ounces, with gold production projected at 700,000 to 750,000 ounces [1] - The Juanicipio mine in Mexico has outperformed expectations, contributing 2.5 million ounces of silver since acquisition in September 2025 and generating $44 million in revenue in December 2025 [1] Group 2 - As of the end of 2025, the company's cash and short-term investments are expected to approach $1.32 billion, a 45% increase from the end of Q3 [1] - The all-in sustaining cost for silver is projected to be between $15.75 and $18.25 per ounce, while for gold it is estimated to be between $1,700 and $1,850 per ounce for 2026 [1] - Capital expenditures for FY2026 are expected to be between $515 million and $550 million, including $320 million to $340 million for sustaining capital and $195 million to $210 million for project capital expenditures [1]