Pan American Silver Sees Realized Silver Price More Than Double to $70.97

Pan American Silver reported strong financial results for the second quarter of 2026, driven by higher precious metal prices and stronger silver production. The company's average realized silver price more than doubled year-over-year to $70.97 per ounce, helping drive attributable free cash flow to $344 million.

Q2 revenue increased to $1.124 billion from $812 million, while attributable revenue reached $1.268 billion. Attributable free cash flow increased approximately 47% to $344 million from $234 million a year earlier. Net earnings increased to $305 million from $190 million, and adjusted earnings reached $308 million compared with $155 million a year earlier.

Michael Steinmann, President and Chief Executive Officer of Pan American Silver, noted that the company delivered another quarter of strong financial results, generating $344 million in Attributable free cash flow. He added that they returned a record $300 million to shareholders in Q2 through dividends and share repurchases.