05:27 PM EST, 03/03/2025 (MT Newswires) -- Pan American Silver ( PAAS ) , after trade Monday, said the Toronto Stock Exchange approved the company's plan to renew its normal course issuer bid to buy back up to about 18.1 million of its shares, 5% of the total outstanding.

The buyback will occur on the TSX, New York Stock Exchange, and other trading platforms in Canada and the US, starting March 6 until March 5, 2026, or earlier if the full purchase is completed. The shares will be bought at market price, and all acquired shares will be canceled. Funding will come from the company's working capital, the company said.

The company's current buyback program, which started on March 6 and ends on Wednesday, approved the purchase of up to about 18.2 million shares, the company added.

Pan American shares closed down $0.33 to $34.12 on the Toronto Stock Exchange.