Pan American Silver Reports First Quarter 2026 Financial Results; Strong Mine Operating Earnings Lead to Record Cash Balance and an Enhanced Shareholder Return Framework
Pan American Silver reported strong Q1 2026 financial results, generating $488 million in attributable free cash flow and achieving a record cash balance of $1.8 billion. The Board approved an enhanced shareholder return framework targeting up to $1 billion in returns for 2026 through dividends and share repurchases, alongside a declared dividend of $0.18 per share.
Key figures
- Eps
- 1.08
- Revenue
- 1154000000
- Guidance
- 2026 project capital expenditures increased to $240-$255 million from $195-$210 million; reaffirmed production and cost guidance.
- Fcf
- 488000000
- Gold aisc
- 1851
- Silver aisc
- 6.63
- Cash balance
- 1800000000
- Gold production
- 169.2 thousand ounces
- Silver production
- 6.44 million ounces
AI analysis
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