Pan American Silver Corp.
Price History
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About Pan American Silver Corp.
Pan American Silver Corp. (PAAS) is a silver mining company. Our project database tracks 21 projects for Pan American Silver Corp. with technical and economic data extracted from company filings. Its flagship La Colorada Skarn Project (Expanded La Colorada Mine) (PEA) carries an after-tax NPV of $2.60B and an IRR of 17% over a 37-year mine life.
Overview
Pan American Silver Corp. is one of the world's largest primary silver producers with operations in Mexico, Peru, Canada, Argentina, and Bolivia. The company has a diversified portfolio of silver and gold producing mines along with significant development projects. Pan American is committed to responsible mining and maintaining leading ESG performance in the precious metals sector.
Operations
Pan American operates La Colorada, Dolores, and Alamo Dorado silver mines in Mexico; Huaron, Morococha, and Shahuindo silver-gold mines in Peru; Jacobina gold mine in Brazil; Escobal silver mine in Guatemala (on care and maintenance); and the Manantial Espejo silver mine in Argentina. The company produces approximately 25 million ounces of silver and 750,000 ounces of gold annually.
Strategy
The company's strategy emphasizes safe and responsible operations, organic growth through mine expansions and development projects, maintaining a strong balance sheet for flexibility, exploring near existing operations to extend mine life, and delivering sustainable value to shareholders. Pan American focuses on jurisdictions with established mining traditions and infrastructure.
Key Projects
Major projects include potential restart of Escobal silver mine in Guatemala (subject to consultation outcomes), La Colorada Skarn project in Mexico, Huaron expansion in Peru, and Navidad silver project in Argentina (subject to permitting). The company maintains one of the silver mining industry's largest exploration budgets with focus on district expansion and new discoveries.
Primary Commodities
Project Economics
Timmins Camp
- Mineral Reserves
- Timmins West: P+P 301 koz Au, M&I 126 koz Au, Inferred 11 koz Au; Bell Creek: P+P 545 koz Au, M&I 179 koz Au, Inferred 417 koz Au; Bell Creek Deep Extension: Indicated 61 koz Au, Inferred 135 koz Au; Samson: Indicated 117 koz Au, Inferred 1,027 koz Au; Gold River: Inferred 118 koz Au
Timmins
- Mineral Resources
- Satellite deposits hosting 191 Koz Au indicated mineral resources and 1,474 Koz Au inferred mineral resources; includes mineral resources for Gold River and Vogel and 108 Koz Au of inferred at Samson
Jacobina
Juanicipio
- Royalties / Streams
- Fresnillo is operator and owner of remaining 56% interest
Navidad
La Colorada (vein mine)
- Mineral Reserves
- P&P Mineral Reserves 2014: 86.0 Moz Ag; P&P Mineral Reserves 2026: 94.2 Moz Ag
- Mineral Resources
- Year End Inferred Mineral Resources: 2025 - 29.6 Moz Ag; 2026 - 38.9 Moz Ag (as shown in La Colorada drilling chart)
Timmins Camp (including Gold River, Vogel, Samson)
- Mineral Resources
- 191 Koz Au indicated mineral resources and 1,474 Koz Au inferred mineral resources (Gold River and Vogel), plus 108 Koz Au of inferred mineral resources at Samson
Shahuindo
San Vicente
La Colorada Skarn
La Colorada (vein mine, existing operations)
- Mineral Reserves
- P&P silver mineral reserves 94.2 Moz Ag (as of June 30, 2026)
Manantial Espejo
La Colorada (existing vein mine)
- Mineral Reserves
- Vein Mineral Reserves (existing La Colorada vein mine)
- Mineral Resources
- Vein Mineral Resources
La Colorada Skarn Project (Expanded La Colorada Mine)
- Mineral Resources
- La Colorada Skarn deposit hosts 308.7 Moz contained M&I and 58.6 Moz contained inferred mineral resources
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
La Colorada Skarn Project
3 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Financial Metrics
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Frequently Asked Questions
- What does Pan American Silver Corp. mine?
- Pan American Silver Corp. is focused on Silver, Gold, Zinc.
- What is the economic value of Pan American Silver Corp.'s La Colorada Skarn Project (Expanded La Colorada Mine)?
- According to its PEA, La Colorada Skarn Project (Expanded La Colorada Mine) has an after-tax NPV of $2.60B and an IRR of 17%.
- How many projects does Pan American Silver Corp. have?
- We track 21 projects with extracted technical and economic data for Pan American Silver Corp.
Project Analysis
La Colorada Skarn Project (Expanded La Colorada Mine) PEA: $2.60B NPV, 17% IRR
Pan American Silver Corp.'s La Colorada Skarn Project (Expanded La Colorada Mine) in Zacatecas, Mexico has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $2.60B, an after-tax IRR of 17%, and initial capital of $1.90B. The mine plan runs 37 years at about 19.1 Moz Ag (average annual over Initial Five Year Period) per year.
La Colorada Skarn Project PEA: $2.60B NPV, 17% IRR
Pan American Silver Corp.'s La Colorada Skarn Project in Zacatecas, Mexico has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $2.60B, an after-tax IRR of 17%, and initial capital of $1.90B. The mine plan runs 37 years at about 19.1 Moz Ag per year.
Press Releases
Is It Too Late To Consider Pan American Silver (TSX:PAAS) After Its 1 Year Surge?
If you are wondering whether Pan American Silver at US$73.18 is still offering value after a strong run, the key is to separate price excitement from underlying worth. The stock is only slightly lower over the past week, with a decline of 0.9%, but it has returned 5.1% over 30 days, 4.5% year to date, 103.7% over 1 year, 278.7% over 3 years and 111.8% over 5 years, which naturally raises questions about what is already reflected in the price. Recent coverage has focused on Pan American...
Pan American Silver highlights multi-asset growth strategy at Investor Day, Jefferies stays on the sidelines
Pan American Silver Corp. (TSX:PAA, NASDAQ:PAAS) has outlined what Jefferies analysts see as a clearer path to internally funding its multi-asset growth pipeline, anchored by La Colorada, with Juanicipio supporting margins and Jacobina and Timmins providing additional upside optionality. The...
PAAS Strengthens Timmins Operations With Resource Discoveries
Pan American Silver unveils mineral resources at Timmins, boosting a phased development plan aimed at extending mine life and supporting growth.
Correction: Pan American Silver Advances Plan to Extend Life of Timmins Mine in Ontario
(Correcting to show that all amounts are in U.S. dollars) Pan American Silver (PAAS.TO) is advanc
Pan American Silver Approves $146 Million Investment in Mine Development Plan
Pan American Silver (PAAS) said Monday its board has approved a roughly $146 million investment for
Pan American Silver Advances Plan to Extend Life of Timmins Mine in Ontario
Pan American Silver (PAAS.TO) is advancing a conceptual plan for a phased development of new mineral
Pan American Silver Provides Exploration Update for its Timmins Operations; Advances Plans for Potential Production Growth and Mine Life Extension
VANCOUVER, British Columbia, June 01, 2026--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") is pleased to provide an update on an extensive exploration program conducted at its Timmins operation in Ontario, Canada, which has identified new mineral resources at the Bell Creek mine and satellite deposits. Based on the success of this program, Pan American is advancing a conceptual plan for a phased development of these new mineral resources to support potential
Singapore Launches a US Dollar Silver Futures Contract This Month To Add To COMEX Woes and Reduce Artificial Pricing
While much attention is paid towards China’s financial and military rivalry with the US, it’s easy to overlook how China is viewed by the rest of the Pacific Rim. China’s many centuries of emigration has led to a significant Chinese expat and intermarriage regional population. However, Chinese hegemony and wealth has become a major source ... Singapore Launches a US Dollar Silver Futures Contract This Month To Add To COMEX Woes and Reduce Artificial Pricing
3 TSX Stocks That May Be Trading Below Their Estimated Intrinsic Value
As the Canadian market navigates rising yields and their potential impact on equity performance, investors are closely watching for opportunities that align with solid growth and improving productivity. In this environment, identifying stocks that may be trading below their estimated intrinsic value can offer a strategic advantage, particularly when earnings continue to support equities despite broader market pressures.
Pan American Silver Releases 2025 Sustainability Report
VANCOUVER, British Columbia, May 27, 2026--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today released its 2025 Sustainability Report (the "Report"), highlighting the Company's approach and performance in key environmental, social and governance ("ESG") areas. Spanish and Portuguese versions of the Report will be available shortly.
Quick Facts
- Ticker Symbol
- PAAS
- Market Cap
- Mid Cap
- Category
- Silver
- Commodities
- Silver, Gold, Zinc
- Headquarters
- Vancouver, Canada
- Founded
- 1994
- Employees
- ~11,500
Operating Countries
Producing Assets
- •La Colorada (Mexico)
- •Dolores (Mexico)
- •Huaron (Peru)
- •Morococha (Peru)
- •Shahuindo (Peru)
- •Jacobina (Brazil)
- •Manantial Espejo (Argentina)
Development Assets
- •Escobal (Guatemala - care and maintenance)
- •La Colorada Skarn (Mexico)
- •Navidad (Argentina)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.