Pan American Silver (PAAS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

By Zacks Equity Research | November 12, 2025, 7:30 PM

For the quarter ended September 2025, Pan American Silver (PAAS) reported revenue of $854.6 million, up 19.3% over the same period last year. EPS came in at $0.48, compared to $0.32 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $867.76 million, representing a surprise of -1.52%. The company delivered an EPS surprise of -2.04%, with the consensus EPS estimate being $0.49.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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:
  • Ounces Produce - Gold (Silver and Gold Production): 183.50 Koz versus the eight-analyst average estimate of 184.11 Koz.
  • Ounces Produce - Silver (Silver and Gold Production): 5,462.00 Koz versus the eight-analyst average estimate of 5,842.57 Koz.
  • Ounce Production - La Colorada Operation - Gold: 1.10 Koz compared to the 0.82 Koz average estimate based on eight analysts.
  • Ounce Production - La Colorada Operation - Silver: 1,505.00 Koz versus the eight-analyst average estimate of 1,461.62 Koz.
  • Ounce Production - Huaron Operation - Silver: 755.00 Koz versus the eight-analyst average estimate of 818.47 Koz.
  • Ounce Production - San Vicente Operation - Silver: 765.00 Koz versus the eight-analyst average estimate of 721.21 Koz.
  • Ounce Production - Dolores Operation - Silver: 220.00 Koz compared to the 208.49 Koz average estimate based on eight analysts.
  • Ounce Production - Dolores Operation - Gold: 8.10 Koz versus the eight-analyst average estimate of 6.22 Koz.
  • Ounce Production - Shahuindo Operation - Gold: 36.30 Koz versus 34.09 Koz estimated by eight analysts on average.
  • Ounce Production - Timmins Operation - Gold: 24.70 Koz versus the eight-analyst average estimate of 26.77 Koz.
  • Average Realized Prices per ounce - Silver: $39.08 compared to the $39.11 average estimate based on eight analysts.
  • Average Realized Prices per ounce - Gold: $3,479.00 versus the eight-analyst average estimate of $3,448.99.

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

Shares of Pan American Silver have returned -4.9% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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