Pan American Silver Q2 FY26 net earnings rise to USD 305 million; revenue climbs to USD 1.12 billion
PAAS•Q2 FY26 results and cash flow
Pan American Silver posted Q2 2026 net earnings of USD 305 million, or USD 0.72 per share, on revenue of USD 1.12 billion.
Adjusted earnings (non-GAAP) totaled USD 308 million, or USD 0.73 per share; tax expense was USD 179 million.
Attributable free cash flow (non-GAAP) reached USD 344 million; operating cash flow was USD 320 million, net of USD 205 million taxes paid.
Production and capital returns
Attributable silver output was 6.47 million ounces; attributable gold production was 166,000 ounces, below quarterly guidance.
The company returned USD 300 million via USD 76 million in dividends and USD 224 million in share repurchases; it reiterated its 2026 outlook and lifted tax-paid guidance.
