Pan American Silver Corp. (PAAS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. This is the conference operator. Welcome to the Pan American Silver second quarter 2026 results conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. During the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may reach an operator by pressing star then zero. I would now like to turn the conference over to Siren Fisekci, VP Investor Relations. Please go ahead, Ms. Fisekci. Thank you for joining us today for Pan American Silver's conference call and webcast to discuss our second quarter 2026 results. This call includes forward-looking statements and information and references non-GAAP measures. Please see the cautionary statements in our MD&A, Q2 news release and presentation slides for the period ended June 30th, 2026, all of which are available on our website. I'll now turn the call over to Michael Steinmann, Pan American's president and CEO. Good morning, everyone, and thank you for joining us today for our Q2 2026 conference call. Q2 delivered strong financial results, strong silver production, and meaningful progress on our growth projects. We generated $344 million of attributable free cash flow, returned a record of $300 million to shareholders, and reached an important milestone at La Colorado in early August with the first cut of the $588 decline to access this current deposit. Attributable silver production of 6.5 million ounces in Q2 was at the high end of our quarterly guidance range. driven by continued strong performance at La Clarada and Juanicipio. We remain on track to achieve our full-year silver production guidance of ...