Pan American Silver provides exploration update for Timmins operations
The company identified new mineral resources and approved a $146M shaft extension and access drifts to support production growth and mine life extension.
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Silver-focused precious metals producer
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In short: Pan American Silver reported record financial results, approved a $146 million Timmins expansion, and introduced a $1 billion shareholder framework.
The company identified new mineral resources and approved a $146M shaft extension and access drifts to support production growth and mine life extension.
It introduces an enhanced shareholder return framework targeting 35–40% of free cash flow, including $305 million dividends and share repurchases under an NCIB in 2026.
The company is proud to be included among global leaders in the Dow Jones Best in Class North America Index.
It positions La Colorada as a top-tier silver mine with 19.1 million oz annual production in peak years, $2.6B NPV, and 17% IRR.
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