Pan American Silver guides 2026 silver output after reserve update

Pan American Silver reported proven+probable 2026 reserves of 511.1M oz silver and 6.3M oz gold, with measured+indicated 1,126.7M oz Ag and 7.5M oz Au. The company guided 2026 silver output to 25—27M oz versus 2025’s 22.8M oz. It also holds ~6% of Cadillac Mines via 15M shares.