PAAS Delivers Record Revenues in 2025: Can the Rally Continue?

Key Takeaways PAAS reported record 2025 revenues of $3.62B, up 28.4% y/y, with Q4 revenues of $1.18B.PAAS produced 22.8M ounces of silver in 2025, up 8% y/y, with a record 7.3M ounces in Q4.PAAS sees 2026 silver output rising to 25-27M ounces, signaling 14% y/y growth at the mid-point.Pan American Silver Corp. (PAAS) reported record revenues of $3.62 billion in 2025, marking an improvement of 28.4% from 2024. This includes a record $1.18 billion in revenues reported in the fourth quarter of 2025. This impre ...