Pan American Silver cuts 2026 attributable gold production outlook to 660,000-680,000 ounces
PAAS•Pan American Silver cut its 2026 gold production outlook to 660,000-680,000 ounces, citing below-plan output at several mines. It forecast gold all-in sustaining costs of $2,000-$2,150 per ounce and capital expenditures of $515 million-$550 million.
1. Updated production outlook
Pan American Silver cut its 2026 gold production outlook to 660,000-680,000 ounces, reflecting below-plan output at several mines. Gold segment all-in sustaining costs are forecast at $2,000-$2,150 per ounce, reflecting lower production, increased development and higher operating costs. Silver production guidance remains 25 million-27 million ounces, with output expected near the low end amid Huaron downtime; silver segment all-in sustaining costs are expected near the lower end of $15.75-$18.25 per ounce. Total capital expenditures are forecast at $515 million-$550 million, including $195 million-$210 million in project capital.
