Can Pan American Silver Sustain Its Strong Cash Flow Momentum?

Key Takeaways PAAS delivered record $1.15B free cash flow in 2025, lifting liquidity to $2.07B.Pan American Silver raised its dividend 29% after returning $221M to shareholders.PAAS expects 25M to 27M ounces of silver in 2026, signaling higher output and cash flow.Pan American Silver Corp. (PAAS) reported a record cash flow in 2025, indicating robust operational cash generation and disciplined capital spending. A free cash flow of $1.15 billion in 2025 pushed Pan American Silver’s cash and short-term invest ...