Pan American Silver (PAAS) stock is soaring 5.13% in pre-market trading on Thursday, following the release of its record third-quarter results and an increase in its quarterly dividend. The company's strong performance and strategic moves have boosted investor confidence, driving the stock higher.
The Canada-based mining company reported impressive financial results for Q3 2025, with record attributable revenue of $884.4 million and net earnings of $169.2 million, or $0.45 per share. Pan American Silver's board approved an increase in the quarterly dividend to $0.14 per common share, reflecting the company's robust financial position. The miner also posted a record $251.7 million in attributable free cash flow for the quarter, with cash and short-term investments totaling $910.8 million.
Adding to the positive momentum, Pan American Silver completed its acquisition of MAG Silver Corp. on September 4, strengthening its asset base and growth opportunities. This strategic move has already contributed to improved production guidance, with the company raising its 2025 silver production forecast to 22.0-22.5 million ounces and lowering Silver Segment all-in sustaining costs to $14.50-$16 per ounce. The stock's upward movement is further supported by a reaffirmed Buy rating from Bank of America analyst Lawson Winder, underscoring the market's confidence in Pan American Silver's outlook.
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