pan american silver stock: PAAS company guide

Pan American Silver Corp. (stock)

Pan American Silver Corp. (pan american silver stock) is a Canada‑based precious‑metals producer publicly traded on major exchanges (NYSE: PAAS; TSX: PAAS). The company’s equity provides investor exposure primarily to silver and related metals including gold, zinc, lead and copper. Market and financial metrics for pan american silver stock are time‑sensitive — this article cites recent market snapshots and company disclosures and notes dates for reported figures.

Company overview

Pan American Silver is an integrated precious‑metals company engaged in the exploration, development and operation of silver and gold mines across North, Central and South America. Founded in 1979 and headquartered in Vancouver, British Columbia, the company has grown through acquisitions and organic project development into one of the world’s largest primary silver producers.

Primary products include silver and gold; common by‑products are zinc, lead and copper. The company’s operating model mixes producing mines, near‑term development projects and exploration portfolios. As a large silver producer, Pan American Silver (pan american silver stock) is strategically positioned to benefit from changes in silver supply and demand, while its diversified asset base provides exposure to several commodities and jurisdictions.

Corporate history

Pan American Silver was founded in 1979. Over decades the company expanded through asset purchases, development projects and corporate restructurings to assemble a portfolio of operations across the Americas. Key corporate milestones include several major acquisitions and strategic transactions that reshaped the company’s asset mix.

Important milestones and notable events (illustrative):

• Founding and early growth through exploration and small acquisitions in the 1980s and 1990s.
• Continued expansion into Latin America and other jurisdictions in the 2000s and 2010s.
• The 2019 plan of arrangement with Tahoe Resources and issuance of contingent value rights (CVRs) related to the Escobal mine restart (see below).
• The acquisition of MAG Silver, completed in September 2025, which added important interests including the Juanicipio project and other exploration assets (see MAG Silver acquisition section).

These milestones reflect Pan American Silver’s approach of combining producing mines with strategic project stakes and exploration optionality. For authoritative timelines and particulars, consult the company’s official press releases and regulatory filings.

Tahoe Resources transaction and CVRs

In 2019 Pan American Silver completed a plan of arrangement to acquire Tahoe Resources. As part of that transaction, Pan American Silver issued contingent value rights (CVRs) tied to the restart and certain economic outcomes of the Escobal silver mine in Guatemala. The CVRs were intended to provide payment to Tahoe securityholders if specific Escobal restart milestones and compensation thresholds were met.

Key points about the Tahoe/Tahoe‑linked CVRs and PAASF:

• The CVRs traded over‑the‑counter under the ticker PAASF in the U.S. OTC market during the CVR term. Investors used PAASF to obtain exposure to the contingent payouts tied to Escobal outcomes.
• The CVR instrument had defined conversion and expiry mechanics in the transaction documentation and was convertible/settled according to pre‑set conditions and timelines. That mechanism required Escobal to meet specified operational and legal milestones for cash payments to CVR holders.
• Because CVR payouts and convertibility depended on site‑specific regulatory and operational developments, the CVR market value moved with news about Escobal’s permitting, litigation, and local conditions. Official prospectus/arrangement documents and subsequent company disclosures provide the detailed terms and conversion schedule.

When following pan american silver stock history, CVR documentation and OTC ticker activity are useful for understanding how certain legacy transaction payouts were handled. For current status and historic settlement details, use the company’s regulatory filings and the OTC market disclosures for PAASF (if still relevant at later dates).

MAG Silver acquisition (2025)

In September 2025 Pan American Silver completed the acquisition of MAG Silver. That transaction added to Pan American Silver’s portfolio through MAG’s high‑value interests, including the company’s economic interest in the Juanicipio project and several exploration projects.

Highlights of the MAG Silver acquisition as reported:

• Completion date: September 2025 (transaction closed in Q3 2025).
• Assets gained: an interest in the Juanicipio joint‑venture project (a major Mexico‑based silver‑gold development with significant silver equivalent resource), and exploration projects such as Larder and Deer Trail (names reflect MAG’s earlier exploration assets and optioned projects).
• Strategic significance: the acquisition expanded Pan American Silver’s near‑term production pipeline and exploration optionality, adding exposure to a large, high‑grade vein system and complementing existing operations such as Cerro Moro and La Colorada.

Acquisitions of this scale influence the company’s reserve and resource base, future production guidance and capital allocation priorities. For precise terms and integration progress, consult the company’s acquisition announcement, subsequent financial filings and updated technical reports.

Operations and assets

Pan American Silver’s operating footprint spans multiple countries in the Americas. Principal producing mines and projects typically referenced in company materials and market coverage include:

• Juanicipio (Mexico) — a significant silver‑gold joint‑venture development delivering high‑grade production; exposure increased via the MAG Silver acquisition (Sept 2025).
• La Colorada (Mexico) — an established silver‑gold operation; includes ongoing development work such as the La Colorada Skarn project.
• Cerro Moro (Argentina) — a high‑grade silver‑gold mine in Argentina operated in partnership with local entities.
• Huaron (Peru) — a polymetallic mine producing silver with by‑products including lead and zinc.
• San Vicente (Bolivia) — a Bolivian silver operation with long life and regional presence.
• Escobal (Guatemala) — previously operated under Tahoe; subject to permitting, legal and social considerations that affected CVR outcomes.
• La Colorada Skarn (Mexico) — a development/expansion project adjacent to La Colorada targeting new ore zones.
• Navidad (Argentina) — historically referenced exploration project (status may vary with company strategy and local permitting).
• El Peñon (Chile) — a gold and silver producer in northern Chile.
• Timmins (Canada) — assets around Timmins for gold exploration/development (names and status depend on ongoing programs).
• Shahuindo (Peru) — a gold mine contributing to the company’s gold output.
• Minera Florida (Chile) — a Chilean silver‑lead producer in the company’s portfolio.
• Dolores (Mexico) — a gold‑silver project with production history and exploration upside.

Geographic footprint: operations and projects are concentrated in Mexico, Argentina, Peru, Bolivia, Chile, Canada and formerly Guatemala, reflecting Pan American Silver’s focus on the Americas and its exposure to different geopolitical and regulatory environments.

Note: Project status, ownership percentages and operating models evolve over time through joint ventures, sales, or new investments. Investors and researchers should verify current asset lists and operator responsibilities in the company’s most recent annual information form and technical reports.

Products and production

Pan American Silver’s primary products are silver and gold; the company also recovers by‑products including zinc, lead and copper during milling and smelting operations.

Typical production metrics and guidance:

• Annual production guidance normally reports forecasted silver ounces and gold ounces produced in a fiscal year, presented in the company’s annual outlook and quarterly production reports.
• Recent years’ guidance and actual production numbers are published in quarterly production summaries and the annual report; these figures are frequently cited by analysts when modeling revenue sensitivity to metal prices.

As an example of reporting practice: the company issues quarterly production and cost summaries that show year‑over‑year changes in silver and gold output, realized by‑product credits and all‑in sustaining cost (AISC) metrics. Those releases are the primary source for recent production/guidance announcements.

For up‑to‑date production figures for pan american silver stock, consult the company’s latest production release and annual guidance documents. Production trends (rising or falling output) materially affect revenue sensitivity to prevailing commodity prices.

Financials and performance

Pan American Silver reports financial results on a quarterly and annual basis. Key financial line items investors commonly monitor include:

• Revenue: sales derived from the production and sale of silver, gold and base‑metal by‑products.
• Free cash flow: operating cash flow less capital expenditures, useful for assessing capacity to fund dividends, reductions in debt and growth investment.
• Earnings per share (EPS): reported GAAP or adjusted EPS measures used to assess profitability per share.
• EBITDA / adjusted EBITDA: operating performance metrics that strip interest, taxes, depreciation and amortization; widely used to compare operating margins across mining peers.
• All‑in sustaining cost (AISC): an industry standard cost metric per payable ounce for silver and gold producers.

Market‑reported ratios and valuation figures — market capitalization, P/E ratio, enterprise value and EPS — are time‑sensitive and published by financial information providers such as Yahoo Finance, MarketWatch and other market pages. For example, a market snapshot reported by a financial data provider in early 2026 placed Pan American Silver’s market capitalization in the multi‑billion dollar range; such values change with share price movements and should be verified at the time of analysis.

As of Jan 28, 2026, a market summary reported by Benzinga cited a market capitalization around $24.27 billion and cited a historical ten‑year outperformance statistic for PAAS (note: market figures and return calculations depend on the stated date and data source). Always cross‑check market figures with primary exchange quote pages and official filings.

Stock listing and trading details

Exchange listings and tickers

• Primary listings: NYSE: PAAS (U.S.), TSX: PAAS (Canada).
• OTC CVR ticker: PAASF for contingent value rights issued as part of the 2019 Tahoe transaction (the CVR OTC trading was a legacy trading mechanism tied to Escobal outcomes).

When discussing where to trade pan american silver stock, platforms and brokerages list NYSE and TSX quotes. For cryptocurrency and tokenized asset holders referencing wallets or Web3 solutions, the Bitget platform and Bitget Wallet are recommended within Bitget’s educational and trading ecosystem.

Trading characteristics

Investors monitor several trading characteristics for pan american silver stock:

• Average daily trading volume: indicates liquidity and the ease of entering or exiting positions.
• Float and shares outstanding: supply measures that influence volatility and short interest calculations.
• Market capitalization and 52‑week range: provide a snapshot of size and price volatility over a one‑year horizon.
• Intraday liquidity and bid/ask spreads: influence transaction costs for large orders.

Market pages (such as major quote providers and exchange surfaces) provide live quotes and updated trading metrics. As trading figures change daily, users should rely on real‑time market pages for current volumes, spreads and market cap.

Price history and recent performance

Pan American Silver has experienced notable price moves tied to commodity cycles, company news, and macro factors. For example:

• In 2025–2026 Pan American Silver shares showed periods of strong performance aligned with rising silver and gold prices and positive production guidance from newly acquired assets (including the Juanicipio interest after the MAG Silver acquisition in Sept 2025).
• Market snapshots published in early 2026 show PAAS as an actively traded NYSE and TSX listing with intraday price changes and multi‑million share daily volumes. Several financial wire snapshots in January 2026 listed PAAS among the more actively traded stocks on the NYSE that day, with reported intraday prices and volumes.

Historic returns and multi‑year performance are reported by market data vendors and should be interpreted alongside dividends, share‑releases and corporate actions. For example, automated coverage cited by Benzinga noted a 10‑year annualized return metric for PAAS over a historical span — those snapshot figures are date‑specific and should be verified for current investment decisions.

Dividends and capital allocation

Pan American Silver publishes its dividend policy and announces dividends through filings and investor updates. Key capital allocation themes include:

• Dividends: the company has historically paid dividends on a periodic basis; the declared amount and yield are reported in press releases and exchange disclosures. Dividend frequency (quarterly or otherwise) and the rate change with board decisions.
• Share repurchases: the company may run buyback programs from time to time as part of capital allocation to return value to shareholders.
• Investment priorities: management typically balances sustaining capital and growth investments (mine expansions and development) with debt management and shareholder returns.

For the latest dividend amounts, payment dates and board commentary on capital allocation, consult the company’s investor relations releases and quarterly financial statements.

Analyst coverage and market outlook

Pan American Silver is covered by sell‑side analysts and independent research providers. Common themes in analyst reports include:

• Ratings: coverage often includes buy/hold/sell recommendations and target‑price updates following company news, quarterly results or commodity‑price moves.
• Sensitivity analysis: analysts model company cash flows under different silver and gold price scenarios because revenue is commodity‑price sensitive.
• Production and margin forecasts: analysts focus on guidance, AISC, exploration success and the impact of acquisitions (for example the 2025 MAG Silver acquisition) on future production.

Recent analyst actions (upgrades, downgrades or target revisions) are typically reported by financial media and summarised on market pages. Those actions are time‑specific; check the latest research notes and exchange disclosures for current analyst coverage.

Major shareholders and institutional ownership

Ownership of pan american silver stock typically includes a mix of institutional investors, retail shareholders and insider holdings. Institutional ownership percentages and major holders are disclosed in regulatory filings and summarized on financial data platforms.

To verify current ownership composition, consult:

• Canadian and U.S. regulatory filings (SEDAR/SEDAR+ and EDGAR) for institutional holdings and insider reports.
• The company’s investor relations filings and proxy statements, which detail director and officer holdings.
• Market data providers that summarise 13F and other institutional positions.

Risks and investment considerations

Investing in pan american silver stock carries a set of principal risks that follow from the nature of mining businesses and the jurisdictions in which they operate. Key risks include:

• Commodity price exposure: revenue and margins depend heavily on silver and gold prices. Price volatility can significantly affect reported revenue and market valuation.
• Operational and mining risks: these include ore grade variability, production shortfalls, equipment failures, labor disruptions and cost overruns.
• Geopolitical and regulatory risk: operations across several countries expose the company to changing tax regimes, permitting requirements and political risk.
• Environmental and social risk: mining projects require community relations, permitting and responsible tailings/water management; controversies or permitting delays can materially affect projects.
• Market and valuation risk: equity prices reflect investor sentiment, macroeconomic conditions and sector dynamics; illiquidity or concentrated positions can amplify price moves.

Readers should monitor the company’s filings, technical reports and third‑party news coverage for developments that may alter these risk profiles. This article presents information for education and does not provide investment advice.

Environmental, social and governance (ESG)

Pan American Silver publishes sustainability reports and disclosures on ESG topics. Investors typically review the company’s commitments on:

• Tailings and waste management: engineered tailings storage, progressive rehabilitation and monitoring.
• Water stewardship: water use efficiency, recycling and minimizing water‑related impacts.
• Community relations and social license: stakeholder engagement, benefit sharing and local hiring.
• Climate and emissions: greenhouse gas reduction strategies and reporting.
• Governance: board independence, executive compensation and disclosure practices.

The company’s sustainability reports and filings provide details on targets, progress metrics and independent assurance where applicable. ESG performance is increasingly material to long‑term project viability and investor assessments.

Legal, regulatory and controversies

Material legal or regulatory matters — including site‑specific controversies, environmental or permitting actions and litigation — are disclosed in company filings and covered by reputable news outlets. Notable past matters related to Pan American Silver include the Escobal mine situation tied to the Tahoe transaction and resulting CVRs; any ongoing or new material legal matters are summarised in the company’s MD&A and risk disclosures.

For precise legal case details, court filings, and agency actions, use primary sources: regulatory filings, court documents and verified news coverage. Always check the date of any reported controversy and the company’s formal response in investor materials.

Governance and management

Pan American Silver operates with a Board of Directors and a senior management team responsible for strategic oversight and operational execution. Governance practices commonly highlighted include board composition, committee structure (audit, compensation, ESG/sustainability committees) and disclosure of executive compensation.

For the current board roster, committee memberships and executive biographies, consult the company’s investor relations portal and proxy statements filed with securities regulators.

Investor relations and filings

Where to find up‑to‑date investor information for pan american silver stock:

• Company investor relations page: official earnings releases, annual reports, sustainability reports, presentations and webcasts.
• Regulatory filings: SEDAR/SEDAR+ for Canadian disclosures and EDGAR for U.S. filings where applicable.
• Quarterly results and production reports: posted as news releases and in the financial statements section.
• Conference calls and investor presentations: typically scheduled at quarterly earnings and are a good source of management commentary on production, costs and capital allocation.

Always verify dates on filings and use the company’s primary documents for authoritative facts.

See also

• Silver mining industry overview
• Silver spot price and fundamentals
• Major peers: Newmont, Agnico Eagle, First Majestic, Wheaton Precious Metals
• Mining ETFs and precious‑metals royalty/streaming companies

References

• Pan American Silver Corp. filings and investor materials (company press releases, annual and quarterly reports). (As of Jan 28, 2026, refer to company IR disclosures for specifics.)
• Market snapshots and trading lists from major wire services and financial data providers — e.g., AP most‑active listings and Benzinga market summaries that included Pan American Silver among active NYSE listings (reports published in January 2026). As of Jan 28, 2026, Benzinga and AP market pages reported intraday PAAS prices and volumes.
• News coverage summarizing the Tahoe Resources transaction (2019) and the issuance/trading of CVRs (PAASF OTC) as disclosed in the transaction documentation.
• Company and media reports announcing completion of MAG Silver acquisition in September 2025 and the related asset additions.

Note: quoted market figures, returns and market cap are date‑sensitive. When citing numeric market data, include the retrieval date in any research work.

External links

• Official company investor relations materials and recent earnings presentations (consult the company IR page for the most recent documents).
• Exchange quote pages (NYSE and TSX) for live PAAS price and trading data.
• Major financial data providers and news outlets for live quotes and analyst coverage.

Market snapshot (example, time‑stamped)

As an illustrative market snapshot, centralized market coverage in January 2026 listed Pan American Silver among frequently traded NYSE securities with intraday trading volumes in the millions and intraday price moves. For example, wire service lists from late January 2026 showed PAAS trading with intraday last prints in the high‑50s to high‑60s range (USD) on days when silver and gold prices were supportive of mining equities (these values are illustrative; verify live quotes for current pricing). As of Jan 28, 2026, one market summary cited a market capitalization near $24.27 billion and historical performance metrics for PAAS (source: Benzinga automated content engine summarising market data).

Notes and maintenance

• This article contains time‑sensitive market and financial data. Figures such as market capitalization, share price, average volume and analyst targets change frequently — always include retrieval dates when reproducing numeric values.
• For material changes (acquisitions, dividend changes, production guidance updates, legal rulings), editors should rely on primary company filings and reputable financial news coverage.
• Suggested update cadence: review and refresh market figures weekly during active market periods and update corporate developments as they are announced.

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Final note — further exploration

To explore pan american silver stock further, review the company’s latest quarterly production release, the most recent annual technical reports for principal assets, and up‑to‑date market quotes on exchange and financial data pages. For trading and custody options within a Web3‑enabled environment, explore Bitget and Bitget Wallet features.