Pan American Silver (PAAS) Delivers Stellar Q2
Copyright: alexis84 / 123RF Stock Photo
The company posted record free cash flow of $233 million and ended the quarter with a cash balance of $1.1 billion. Pan American Silver Corp plans to invest $ 500 million of its free cash flow in the acquisition of MAG Silver Corp to gain access to the high-margin Juanicipio mine in Mexico. The mine is expected to contribute to free cash flow upon the transaction closing.
Silver and gold production reached 5.1 million and 178.7 thousand ounces, respectively, with net earnings of $189.6 million. Pan American also raised its quarterly dividend by 20% to $0.12 per share and returned $103.5 million to shareholders through dividends and buybacks in H1 2025.
The company repurchased 459,058 shares for $11.1 million and paid $36.2 million in Q2 dividends. With total liquidity of $1.86 billion and debt of $820.7 million, Pan American remains on track to meet its 2025 production and cost guidance, reinforcing its position as a leading silver investment.
Pan American Silver Corp. (NYSE:PAAS) is a prominent mining company with operations spanning Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company actively explores and produces silver, gold, zinc, lead, and copper across these regions.
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READ NEXT: and Top 10 Medical AI Companies to Buy According to Analysts.
Disclosure: None. This article is originally published at Insider Monkey.
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