Welcome to our dedicated page for Pan Amern Silver SEC filings (Ticker: PAAS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Pan American Silver Corp. (PAAS) SEC filings page on Stock Titan brings together the company’s U.S. regulatory disclosures, primarily filed on Form 6-K as a foreign private issuer under the Securities Exchange Act of 1934. These filings furnish investors with access to news releases, interim financial statements, management’s discussion and analysis, technical reports and other material information that Pan American submits to the U.S. Securities and Exchange Commission.
Pan American files Form 6-K reports to provide unaudited quarterly financial results, including interim financial statements and MD&A for periods such as the quarters ended June 30 and September 30, 2025. These documents discuss revenue, net earnings, cash flow from operations, sustaining and project capital expenditures, and non-GAAP measures such as adjusted earnings, all-in sustaining costs, free cash flow, working capital and total debt. They also describe production volumes for silver, gold and by-product base metals, and present Silver Segment and Gold Segment cost metrics.
The company’s 6-K submissions also include important technical and mineral property information. For example, Pan American has furnished a Juanicipio Mineral Resource and Mineral Reserves NI 43-101 Technical Report as an exhibit, along with consents from qualified persons, and has filed detailed mineral reserve and mineral resource tables as at June 30, 2025. These filings are accompanied by cautionary notes to U.S. investors explaining differences between Canadian National Instrument 43-101 standards and SEC mineral property disclosure rules, particularly regarding measured, indicated and inferred mineral resources.
Other 6-K filings incorporate news releases on topics such as the discovery of multiple high-grade silver zones at the La Colorada mine, the completion of the acquisition of MAG Silver Corp., regulatory approvals for that transaction, board appointments and early warning reports related to investments in other companies. Stock Titan enhances access to these filings with AI-powered summaries that highlight key financial figures, operational updates, mineral reserve and resource changes, and corporate actions, helping readers quickly understand the significance of each document while retaining the ability to review the full original filing.
Pan American Silver Corp. has filed a Form 6-K furnishing an NI 43-101 technical report and Revised Preliminary Economic Assessment for its 100%-owned La Colorada property in Mexico. The report updates mineral resources and reserves for the existing vein mine and the large skarn deposit and outlines an expansion to an “Expanded La Colorada Mine.”
The vein mine hosts Proven and Probable reserves of 9.5 Mt at 297 g/t silver and 0.21 g/t gold, containing 90.7 Moz of silver and 63.7 koz of gold. The skarn deposit has Indicated resources of 265.4 Mt at 36 g/t silver, 1.37% lead, and 2.85% zinc, plus Inferred resources of 61.7 Mt at 30 g/t silver, 0.95% lead, and 2.55% zinc.
The Revised PEA contemplates a new 15,000 tpd plant, combining 13,000 tpd of skarn and 2,000 tpd of vein ore over a 37-year mine life. It assumes 162 Mt of mill feed, yielding payable 232 Moz of silver, 4.74 Mt of zinc, and 2.42 Mt of lead. At metal prices including US$45/oz silver, the project generates an after-tax NPV5 of US$2.6 billion, a 17% after-tax IRR, and cumulative after-tax cash flow of US$7.1 billion, with initial capital of US$1.9 billion and sustaining capital of US$1.2 billion.
Pan American Silver Corp. introduced an enhanced shareholder return framework targeting the return of 35%–40% of annual Attributable Free Cash Flow to shareholders via dividends and share repurchases under its normal course issuer bid. Assuming strong free cash flow continues, the Company anticipates returning up to $1 billion in 2026.
For 2026, Pan American expects aggregate dividends of $305 million, paid in equal quarterly installments currently equivalent to $0.18 per common share per quarter, with excess Attributable Free Cash Flow allocated to share buybacks. Repurchased shares will be cancelled, which is expected to enhance per‑share value and support future dividend per share growth.
The framework is built on strong liquidity and cash generation. In the first quarter of 2026, Attributable Free Cash Flow was $488 million. As of March 31, 2026, Pan American reported record cash and short‑term investments of $1.6 billion and total available liquidity of $2.4 billion, supporting its capital allocation priorities of sustaining operations, maintaining financial strength, funding organic growth projects, and returning capital to shareholders.
Pan American Silver Corp. introduced an enhanced shareholder return framework targeting the return of 35%–40% of annual Attributable Free Cash Flow to shareholders via dividends and share repurchases under its normal course issuer bid. Assuming strong free cash flow continues, the Company anticipates returning up to $1 billion in 2026.
For 2026, Pan American expects aggregate dividends of $305 million, paid in equal quarterly installments currently equivalent to $0.18 per common share per quarter, with excess Attributable Free Cash Flow allocated to share buybacks. Repurchased shares will be cancelled, which is expected to enhance per‑share value and support future dividend per share growth.
The framework is built on strong liquidity and cash generation. In the first quarter of 2026, Attributable Free Cash Flow was $488 million. As of March 31, 2026, Pan American reported record cash and short‑term investments of $1.6 billion and total available liquidity of $2.4 billion, supporting its capital allocation priorities of sustaining operations, maintaining financial strength, funding organic growth projects, and returning capital to shareholders.
Pan American Silver Corp. reported a strong Q1 2026, with revenue of $1,154 million, up 49% from Q1 2025, driven mainly by higher metal prices. Net earnings rose to $456 million, or $1.08 per basic share, versus $169 million and $0.47 a year earlier.
Cash flow from operations increased to $505 million, supporting a move to a $679 million net cash position as of March 31, 2026. Attributable silver production reached 6.44 million oz, while attributable gold production was 169.2 thousand oz.
Silver Segment all-in sustaining costs fell sharply to $6.63/oz from $13.88, helped by low-cost ounces from Juanicipio and stronger by-product credits, while Gold Segment AISC increased to $1,851/oz from $1,485 due to higher costs and sustaining capital at several mines.
Management reaffirmed its 2026 operating outlook but raised 2026 project capital guidance after a revised PEA for the La Colorada Skarn Project, now expecting $92–95 million of Skarn spending and total 2026 project capital of $240–255 million. The company also continued shareholder returns through $76 million in dividends and $25 million of share repurchases in the quarter.
Pan American Silver Corp. reported a strong Q1 2026, with revenue of $1,154 million, up 49% from Q1 2025, driven mainly by higher metal prices. Net earnings rose to $456 million, or $1.08 per basic share, versus $169 million and $0.47 a year earlier.
Cash flow from operations increased to $505 million, supporting a move to a $679 million net cash position as of March 31, 2026. Attributable silver production reached 6.44 million oz, while attributable gold production was 169.2 thousand oz.
Silver Segment all-in sustaining costs fell sharply to $6.63/oz from $13.88, helped by low-cost ounces from Juanicipio and stronger by-product credits, while Gold Segment AISC increased to $1,851/oz from $1,485 due to higher costs and sustaining capital at several mines.
Management reaffirmed its 2026 operating outlook but raised 2026 project capital guidance after a revised PEA for the La Colorada Skarn Project, now expecting $92–95 million of Skarn spending and total 2026 project capital of $240–255 million. The company also continued shareholder returns through $76 million in dividends and $25 million of share repurchases in the quarter.
Pan American Silver Corp. reported the results of its annual general and special meeting held in Vancouver. Shareholders representing 290,835,897 common shares, or 68.95% of shares outstanding as of the record date, were present or represented.
Investors approved all items, including setting the Board at ten directors and electing all management nominees, each receiving strong majorities, generally above 96% of votes cast. Deloitte LLP was reappointed as auditor with 258,888,686 votes for, or 89.02% of votes cast.
Shareholders also supported the advisory “say-on-pay” resolution on executive compensation, with 203,011,508 votes in favour, representing 80.84% of votes cast, confirming broad backing for the Company’s compensation approach and governance structure.
Pan American Silver Corp. has scheduled key upcoming investor events. The company will release its unaudited first quarter 2026 results after market close on May 5, 2026, followed by a conference call and webcast on May 6, 2026 at 8:00 am ET (5:00 am PT).
Pan American will also hold its Annual General and Special Meeting of shareholders on April 30, 2026 at 10:00 am PT in Vancouver, British Columbia. The filing provides webcast links, dial-in details and notes that meeting materials are available on the company’s website.
Pan American Silver released a revised Preliminary Economic Assessment for its 100%-owned La Colorada Skarn Project in Mexico, outlining a major long-life expansion of the La Colorada operation. The plan combines new high-grade veins with high-grade skarn zones and a new 15,000 tpd plant, targeting an Expanded La Colorada Mine.
The La Colorada Skarn Project alone is expected to average 15.8 million ounces of silver annually over the initial five years after ramp-up, incremental to 3.3 million ounces from existing La Colorada reserves, and to operate for 37 years. Peak combined silver production is expected to average 19.1 million ounces annually over the five years after construction and ramp-up.
At Base Case metal prices of $45/oz silver and $2,800/t zinc, the project delivers an after-tax NPV (5%) of $2.6 billion, an after-tax IRR of 17%, and average incremental annual free cash flow of $653 million over the initial five-year period, with initial capital of $1.9 billion and a projected four-year payback. AISC is estimated at negative $22.67 per ounce over that period, driven by zinc and lead by-product credits.
Management emphasizes a shift to conventional long-hole open stoping, lower initial capital than the prior 2023 PEA, higher grades for silver, zinc and lead, and the ability to fund the project from internal cash flow. However, the assessment is preliminary and relies heavily on inferred mineral resources, which do not have demonstrated economic viability, and there is no certainty the project will be realized as outlined.
Pan American Silver Corp. has called its 2026 annual general and special meeting of shareholders for 10:00 a.m. (Vancouver time) on April 30, 2026 in Vancouver. Shareholders of record at the close of business on March 4, 2026 may vote.
Items include receiving 2025 financial statements, setting the Board at ten directors, electing ten nominees, reappointing Deloitte LLP as auditor and authorizing its fees, and an advisory “say on pay” vote on executive compensation. The company is using Canadian notice-and-access rules, posting proxy materials online and mailing only a notice and proxy or voting instruction form, though paper copies of the circular are available free on request.
Pan American Silver Corp. has discovered at least four new high‑grade veins and related replacement mineralization at its La Colorada mine in Zacatecas, Mexico, based on 17,774 metres of drilling in 38 holes completed between November 2025 and January 2026.
The new Filomena, Nicolasa, Bernardina and Josefina veins form a structural cluster about 500 metres long and 500 metres deep, with silver assays above 1,000 g/t in 40% of reported drill holes and notable gold and base‑metal grades. Pan American also delineated the La Chona breccia with intervals up to 65.63 metres grading 101 g/t silver, and extended the Mariana and NC2 vein systems about 200 metres east.
The company states these results indicate potential to add to mineral resources at La Colorada and will be incorporated into a mineral reserve and mineral resource update as at June 30, 2026, supporting a phased development plan that targets higher‑grade zones in the vein mine and skarn deposit.
Pan American Silver Corp. is renewing its normal course issuer bid, allowing it to repurchase up to 21,090,323 common shares, about 5% of its 421,806,464 issued and outstanding shares as of February 28, 2026. The bid will run from March 6, 2026 to March 5, 2027, with purchases on the TSX, NYSE and alternative trading systems at prevailing market prices and all repurchased shares cancelled.
The company will fund purchases from working capital and is not obligated to buy any specific amount, leaving timing and volume at management’s discretion. Under the current bid, it had approval to buy up to 18,107,917 shares and had repurchased 819,558 shares at a volume weighted average price of approximately C$52.43 per share as of February 28, 2026. Management states it is undertaking the new bid because it believes the share price may not fully reflect the underlying value and that using excess cash to repurchase shares can provide an attractive risk-adjusted return.
Pan American Silver delivered record results for Q4 2025 and full year 2025, driven by higher metal prices, strong margins and solid operational performance. Revenue reached $1.2 billion in Q4 and $3.6 billion for the year, with net earnings of $452 million in Q4 and $980 million for 2025.
Operating cash flow was very strong at $554 million in Q4 and $1,333 million for 2025, supporting Attributable free cash flow of $1,151 million for the year. As of December 31, 2025, cash and short-term investments were $1,319 million and total available liquidity was $2,069 million, against total debt of $852 million. The quarterly dividend was raised 29% to $0.18 per share, contributing to $221 million of capital returned in 2025. For 2026, the company guides to Attributable silver production of 25–27 million ounces and gold production of 700–750 thousand ounces, with targeted AISC ranges for both segments.