Overview

* Pan American Q2 revenue of $811.9 mln beats analyst expectations, per LSEG data

* Adjusted EPS of $0.43 surpasses consensus estimates, per LSEG data

* Record net earnings of $189.6 mln driven by high mine operating earnings

Outlook

* Pan American reaffirms 2025 guidance for silver production of 20-21 mln ounces

* Pan American maintains 2025 AISC guidance for silver at $16.25-$18.25/oz

* Company anticipates MAG Silver acquisition to close in H2 2025

Result Drivers

* MINE OPERATING EARNINGS - Record net earnings driven by high mine operating earnings of $273.3 mln

* JUANICIPIO ACQUISITION - Expected to increase silver production by 35% and reduce all-in sustaining costs

* DIVIDEND INCREASE - 20% increase in dividend reflects confidence in financial position

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $811.90 $700.50

Revenue mln mln (2

Analysts

)

Q2 Beat $0.43 $0.34 (5

Adjusted Analysts

EPS )

Q2 EPS $0.52

Q2 Net $189.60

Income mln

Q2 $0.1

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)