Pan American Silver says Q2 2026 earnings rise on higher metal prices and Juanicipio contribution

Silver output climbed to 6,469,000 ounces from 5,094,000 ounces, driven mainly by the Juanicipio acquisition.

Gold output fell to 165,900 ounces from 178,700 ounces, weighed by lower grades and sequencing at Jacobina, Shahuindo and Timmins.

Silver segment AISC eased to $17.80 per ounce; gold segment AISC rose to $1,984 per ounce on cost inflation.

Pan American Silver said second-quarter 2026 net earnings rose to $305 million from $190 million as higher metal prices lifted revenue to $1.12 billion.

Adjusted earnings increased to $308 million from $155 million, reflecting stronger mine operating earnings despite higher costs.