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PAAS Reports Strong 2025 Exploration Results Across Operating Mines
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Key Takeaways
PAAS reported strong 2025 drilling across major mines, supporting efforts to replace and grow resources.
Drilling at Jacobina, El Penon, Huaron and other sites advanced infill work and resource expansion.
PAAS completed 540,000 meters of drilling in 2025 across multiple regions and core mine structures.
Pan American Silver Corp. (PAAS - Free Report) reported strong drilling results for its operating mines, which help the company advance with its long-term exploration strategy to replace and grow its mineral resources.
Highlights of PAAS’ Exploration Results
At the Jacobina mine in Brazil, the company drilled 56,074 meters from November 2024 to October 2025, primarily focusing on infill drilling and extension of mineral resources across seven of the known deposits. The drilling efforts to the north of the Maricota deposit of the Jacobina mine confirmed the potential for further resource expansion.
In the same time period, PAAS drilled 94,825 meters at the El Peñon mine in Chile, including 60,600 meters of infill drilling. The company completed an additional 34,225 meters of exploration drilling to delineate new inferred mineral resources at El Peñon.
The exploration efforts at this mine focused on converting inferred mineral resources to the indicated category across all principal veins, including Pampa Campamento. Pan American Silver identified new mineralized structures both within the main mine area and at nearby targets from its exploration efforts at El Peñon.
PAAS drilled 35,844 meters at the Huaron mine from November 2024 to October 2025. Exploration efforts at the mine focused on delineating new inferred mineral resources and 8,780 meters of infill drilling to convert inferred mineral resources to the indicated category.
The company completed 69,838 meters of infill and exploration drilling at Minera Florida in Chile, across several core mine structures. At the same time, exploration drilling totaled 34,764 meters at Cerro Moro in Argentina.
At the La Colorada mine, Mexico, PAAS drilled 22,996 meters from July 2025 to October 2025 and advanced toward a highly prospective replacement-style target along the contact between limestone and volcanic rocks.
PAAS has drilled a total of 540,000 meters in 2025 so far.
Pan American Silver Stock’s Price Performance
In the past year, PAAS shares have skyrocketed 119.3% compared with the industry's 138.9% upsurge.
Image Source: Zacks Investment Research
Pan American Silver’s Zacks Rank & Stocks to Consider
The consensus estimate for OR Royalties’ 2025 earnings is pegged at 82 cents per share. The estimate indicates year-over-year growth of 57.7%. OR Royalties’ shares have surged 83.7% in a year.
The consensus estimate for Newmont’s 2025 earnings is pegged at $5.96 per share. The estimate indicates year-over-year growth of 71.3%. It has an average trailing four-quarter earnings surprise of 41.6%. Newmont’s shares have soared 125.5% in a year.
The Zacks Consensus Estimate for First Majestic Silver’s 2025 earnings is pegged at 25 cents per share, indicating a year-over-year upsurge of 278%. First Majestic Silver’s shares skyrocketed 157.1% last year.
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PAAS Reports Strong 2025 Exploration Results Across Operating Mines
Key Takeaways
Pan American Silver Corp. (PAAS - Free Report) reported strong drilling results for its operating mines, which help the company advance with its long-term exploration strategy to replace and grow its mineral resources.
Highlights of PAAS’ Exploration Results
At the Jacobina mine in Brazil, the company drilled 56,074 meters from November 2024 to October 2025, primarily focusing on infill drilling and extension of mineral resources across seven of the known deposits. The drilling efforts to the north of the Maricota deposit of the Jacobina mine confirmed the potential for further resource expansion.
In the same time period, PAAS drilled 94,825 meters at the El Peñon mine in Chile, including 60,600 meters of infill drilling. The company completed an additional 34,225 meters of exploration drilling to delineate new inferred mineral resources at El Peñon.
The exploration efforts at this mine focused on converting inferred mineral resources to the indicated category across all principal veins, including Pampa Campamento. Pan American Silver identified new mineralized structures both within the main mine area and at nearby targets from its exploration efforts at El Peñon.
PAAS drilled 35,844 meters at the Huaron mine from November 2024 to October 2025. Exploration efforts at the mine focused on delineating new inferred mineral resources and 8,780 meters of infill drilling to convert inferred mineral resources to the indicated category.
The company completed 69,838 meters of infill and exploration drilling at Minera Florida in Chile, across several core mine structures. At the same time, exploration drilling totaled 34,764 meters at Cerro Moro in Argentina.
At the La Colorada mine, Mexico, PAAS drilled 22,996 meters from July 2025 to October 2025 and advanced toward a highly prospective replacement-style target along the contact between limestone and volcanic rocks.
PAAS has drilled a total of 540,000 meters in 2025 so far.
Pan American Silver Stock’s Price Performance
In the past year, PAAS shares have skyrocketed 119.3% compared with the industry's 138.9% upsurge.
Pan American Silver’s Zacks Rank & Stocks to Consider
PAAS currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are OR Royalties Inc. (OR - Free Report) , Newmont Corporation (NEM - Free Report) and First Majestic Silver Corp. (AG - Free Report) . While OR and NEM sport a Zacks Rank #1 (Strong Buy) each at present, AG carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for OR Royalties’ 2025 earnings is pegged at 82 cents per share. The estimate indicates year-over-year growth of 57.7%. OR Royalties’ shares have surged 83.7% in a year.
The consensus estimate for Newmont’s 2025 earnings is pegged at $5.96 per share. The estimate indicates year-over-year growth of 71.3%. It has an average trailing four-quarter earnings surprise of 41.6%. Newmont’s shares have soared 125.5% in a year.
The Zacks Consensus Estimate for First Majestic Silver’s 2025 earnings is pegged at 25 cents per share, indicating a year-over-year upsurge of 278%. First Majestic Silver’s shares skyrocketed 157.1% last year.