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Compared to Estimates, Pan American Silver (PAAS) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, Pan American Silver (PAAS - Free Report) reported revenue of $1.12 billion, up 38.4% over the same period last year. EPS came in at $0.73, compared to $0.43 in the year-ago quarter.

The reported revenue represents a surprise of -3.36% over the Zacks Consensus Estimate of $1.16 billion. With the consensus EPS estimate being $0.84, the EPS surprise was -13.1%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Pan American Silver performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Jacobina, Brazil - Cash costs per ounce sold: $1,468.00 versus $1,241.49 estimated by seven analysts on average.
  • El Penon, Chile - Cash costs per ounce sold: $11.00 versus the seven-analyst average estimate of $96.72.
  • Minera Florida, Chile - Cash costs per ounce sold: $2,578.00 compared to the $2,298.46 average estimate based on seven analysts.
  • Cerro Moro, Argentina - AISC per ounce sold: $-58.37 versus $-26.50 estimated by seven analysts on average.
  • Jacobina, Brazil - AISC per ounce sold: $1,805.00 versus the seven-analyst average estimate of $1,637.13.
  • El Penon, Chile - AISC per ounce sold: $452.00 versus $455.81 estimated by seven analysts on average.
  • Minera Florida, Chile - AISC per ounce sold: $2,990.00 versus $2,711.99 estimated by seven analysts on average.
  • Cerro Moro, Argentina - Ounce Production - Silver: 593.00 Koz versus the seven-analyst average estimate of 710.36 Koz.
  • El Penon, Chile - Average silver grade grams per tonne: 101 versus 101 estimated by seven analysts on average.
  • Minera Florida, Chile - Average silver grade grams per tonne: 8 compared to the 12 average estimate based on seven analysts.
  • Jacobina, Brazil - Average gold grade grams per tonne: 2 versus the seven-analyst average estimate of 2.
  • El Penon, Chile - Average gold grade grams per tonne: 2 versus 3 estimated by seven analysts on average.

View all Key Company Metrics for Pan American Silver here>>>

Shares of Pan American Silver have returned +19% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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