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Pan American Silver cuts costs sharply, boosts earnings, and plans $700M buybacks amid silver price swings

Company Fundamentals
27 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Pan American Silver (PAAS) is rated a buy due to rising silver prices, strong Q1 earnings, and a low forward P/E near 10. The company dramatically reduced its all-in sustaining costs (AISC) to $6.63/oz in Q1 2026 from $13.88/oz a year earlier, driven by the MAG Silver acquisition and underground mine portfolio. This positions PAAS as a low-cost, diversified precious metals producer. The company aims to return 35-40% of free cash flow to shareholders through dividends and $700 million in buybacks, with further cost reductions expected after Q2.

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