Pan American Silver

PAAS

Market cap $19.3B

PAAS boosts production, cash flow and dividends as silver prices surge, sharpening its edge over a fast-growing rival.

Silver prices soared to a new all-time high on Friday, surpassing the $55 per ounce mark as investor optimism grew over a potential interest rate cut by the US Federal Reserve in December. The precious metal jumped over 3% to $55.01 per ounce just after US markets opened on Friday.

Gold and silver prices, buoyed by expected Fed easing, continue to fuel Pan American Silver. The IBD Stock Of The Day broke out Wednesday.

WTBA, JRVR, CMC, PAAS and AEM have been added to the Zacks Rank #1 (Strong Buy) List on Nov. 26, 2025.

WTBA, PAAS and QUAD made it to the Zacks Rank #1 (Strong Buy) income stocks list on Nov. 26, 2025.

Pan American Silver posts a second-straight quarter of record cash flow as strong operations, rising liquidity and a higher dividend fuel investor interest.

VANCOUVER, British Columbia, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or the “Company”) is pleased to report that due diligence site visits for the Pico Machay Gold Project (“Pico Machay” or the “Project”) in Central Peru have been completed and confirm the high quality and integrity of the historical work. The Project is under acquisition through a Share Purchase Agreement (“SPA”) with Pan American Silver Corp. (TSX:PAAS) (NYSE:PAAS) (“Pan American”) and its subsidiary, Aquiline Resources Inc. (“Aquiline”) as per the October 24 th , 2025 news release.

Pan American Silver delivered strong Q3 results with higher revenue, record free cash flow, and a significant AISC reduction, reflecting the first full contribution of Juanicipio to margins and overall. Realized silver and gold prices increased meaningfully YoY, amplifying profitability, while disciplined capital management strengthened liquidity to nearly $1.7B and improved balance-sheet flexibility heading into 2026. Growth metrics remain far above industry averages, with triple-digit expansion in EBITDA, EBIT, EPS FWD, and FCF per share, supporting the case for further multiple expansion as operational improvements consolidate.

Pan American Silver delivered record profits and free cash flow, fueled by higher gold and silver prices and the Juanicipio acquisition. PAAS's La Colorada mine offers significant long-term growth potential, while the Escobal restart remains an uncertain but major catalyst. Despite strong fundamentals, PAAS trades near historical valuation multiples and is fairly valued after a 90% share price rally this year.

PAAS posts solid Q3 gains and record cash flow while boosting its silver outlook after the MAG Silver deal.