← Pan American Silver overview

Pan American Silver vs Coeur Mining: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Pan American Silver Corp. (PAAS)

Q3 2026
▲2▼2

Silver crash hits revenue, but record returns and BofA pick support PAAS

  • Silver price crash below $60 Silver fell below $60 an ounce, down over 50% from its January peak, driven by a stronger dollar and rising Treasury yields. This directly cuts Pan American's revenue because it sells silver at lower prices, pressuring the stock.

    The silver price is the biggest driver of PAAS revenue and explains the stock's weakness.

  • BofA names PAAS a top pick Bank of America added Pan American Silver as a new top pick with 56% potential upside, even as it cut commodity forecasts broadly. This boosts investor confidence and can attract buyers, pushing the stock up.

    A major analyst endorsement can shift sentiment and drive demand for the shares.

  • Record $300M shareholder returns and doubled credit line Pan American reported record quarterly shareholder returns of $300 million, $344 million in free cash flow, and doubled its credit facility to $1.5 billion. This shows financial strength and rewards shareholders, supporting the stock price.

    Strong cash flow and returns signal financial health, which can lift the stock.

  • 2026 silver cost guidance rises 22% Pan American guided 2026 silver all-in sustaining costs to $15.75-$18.25 per ounce, a 22% increase from 2025, due to higher costs at La Colorada and Huaron. Higher costs squeeze profit margins, which can weigh on the stock.

    Rising costs directly reduce profitability and are a key factor for future earnings.

August 2026
▲2▼2

Silver crash hits revenue, but record returns and BofA pick support PAAS

  • Silver price crash below $60 Silver fell below $60 an ounce, down over 50% from its January peak, driven by a stronger dollar and rising Treasury yields. This directly cuts Pan American's revenue because it sells silver at lower prices, pressuring the stock.

    The silver price is the biggest driver of PAAS revenue and explains the stock's weakness.

  • BofA names PAAS a top pick Bank of America added Pan American Silver as a new top pick with 56% potential upside, even as it cut commodity forecasts broadly. This boosts investor confidence and can attract buyers, pushing the stock up.

    A major analyst endorsement can shift sentiment and drive demand for the shares.

  • Record $300M shareholder returns and doubled credit line Pan American reported record quarterly shareholder returns of $300 million, $344 million in free cash flow, and doubled its credit facility to $1.5 billion. This shows financial strength and rewards shareholders, supporting the stock price.

    Strong cash flow and returns signal financial health, which can lift the stock.

  • 2026 silver cost guidance rises 22% Pan American guided 2026 silver all-in sustaining costs to $15.75-$18.25 per ounce, a 22% increase from 2025, due to higher costs at La Colorada and Huaron. Higher costs squeeze profit margins, which can weigh on the stock.

    Rising costs directly reduce profitability and are a key factor for future earnings.

Latest
▲2▼2

Silver crash hits revenue, but record returns and BofA pick support PAAS

  • Silver price crash below $60 Silver fell below $60 an ounce, down over 50% from its January peak, driven by a stronger dollar and rising Treasury yields. This directly cuts Pan American's revenue because it sells silver at lower prices, pressuring the stock.

    The silver price is the biggest driver of PAAS revenue and explains the stock's weakness.

  • BofA names PAAS a top pick Bank of America added Pan American Silver as a new top pick with 56% potential upside, even as it cut commodity forecasts broadly. This boosts investor confidence and can attract buyers, pushing the stock up.

    A major analyst endorsement can shift sentiment and drive demand for the shares.

  • Record $300M shareholder returns and doubled credit line Pan American reported record quarterly shareholder returns of $300 million, $344 million in free cash flow, and doubled its credit facility to $1.5 billion. This shows financial strength and rewards shareholders, supporting the stock price.

    Strong cash flow and returns signal financial health, which can lift the stock.

  • 2026 silver cost guidance rises 22% Pan American guided 2026 silver all-in sustaining costs to $15.75-$18.25 per ounce, a 22% increase from 2025, due to higher costs at La Colorada and Huaron. Higher costs squeeze profit margins, which can weigh on the stock.

    Rising costs directly reduce profitability and are a key factor for future earnings.

Coeur Mining Inc (CDE)

Q3 2026
▲3▼1

Record cash and exploration gains offset Canadian mine ramp-up shortfall

  • Record revenue, cash and first dividend in 30 years Coeur posted its first $1 billion-plus quarter, record free cash flow of $388 million, and cash of $1.05 billion, up over 800% from a year ago. It started a dividend and a $750 million buyback. More cash returned to shareholders supports the stock price.

    This is the core new financial result that directly lifts the investment case for CDE.

  • 2026 guidance cut at New Afton and Rainy River Coeur lowered 2026 production guidance and raised cost guidance for both newly acquired Canadian mines, citing slower ramp-ups and inflation. Rainy River operating costs are up about 10%, roughly $30 million. Less output at higher cost weighs on future earnings.

    This is the main counterweight to the record results and directly pressures future profits.

  • Treasury buyback plan lowers yields, lifting gold and miners The Treasury said it would at least double buybacks of long-dated government debt, pushing yields lower. Lower yields reduce the appeal of bonds and help gold, which pays no interest. Coeur jumped 13% with other miners on the news.

    This monetary shift is a major outside force that moves precious metal prices and therefore CDE.

  • Exploration extends mine life at New Afton and Rainy River Coeur reported drilling extended mineralization by hundreds of meters at both Canadian mines, with a record $158 million exploration budget for 2026. Longer mine life means more future metal to sell, supporting the stock's long-term value.

    This new update shows growth potential that can offset the current ramp-up problems.

August 2026
▲3▼1

Record cash and exploration gains offset Canadian mine ramp-up shortfall

  • Record revenue, cash and first dividend in 30 years Coeur posted its first $1 billion-plus quarter, record free cash flow of $388 million, and cash of $1.05 billion, up over 800% from a year ago. It started a dividend and a $750 million buyback. More cash returned to shareholders supports the stock price.

    This is the core new financial result that directly lifts the investment case for CDE.

  • 2026 guidance cut at New Afton and Rainy River Coeur lowered 2026 production guidance and raised cost guidance for both newly acquired Canadian mines, citing slower ramp-ups and inflation. Rainy River operating costs are up about 10%, roughly $30 million. Less output at higher cost weighs on future earnings.

    This is the main counterweight to the record results and directly pressures future profits.

  • Treasury buyback plan lowers yields, lifting gold and miners The Treasury said it would at least double buybacks of long-dated government debt, pushing yields lower. Lower yields reduce the appeal of bonds and help gold, which pays no interest. Coeur jumped 13% with other miners on the news.

    This monetary shift is a major outside force that moves precious metal prices and therefore CDE.

  • Exploration extends mine life at New Afton and Rainy River Coeur reported drilling extended mineralization by hundreds of meters at both Canadian mines, with a record $158 million exploration budget for 2026. Longer mine life means more future metal to sell, supporting the stock's long-term value.

    This new update shows growth potential that can offset the current ramp-up problems.

Latest
▲3▼1

Record cash and exploration gains offset Canadian mine ramp-up shortfall

  • Record revenue, cash and first dividend in 30 years Coeur posted its first $1 billion-plus quarter, record free cash flow of $388 million, and cash of $1.05 billion, up over 800% from a year ago. It started a dividend and a $750 million buyback. More cash returned to shareholders supports the stock price.

    This is the core new financial result that directly lifts the investment case for CDE.

  • 2026 guidance cut at New Afton and Rainy River Coeur lowered 2026 production guidance and raised cost guidance for both newly acquired Canadian mines, citing slower ramp-ups and inflation. Rainy River operating costs are up about 10%, roughly $30 million. Less output at higher cost weighs on future earnings.

    This is the main counterweight to the record results and directly pressures future profits.

  • Treasury buyback plan lowers yields, lifting gold and miners The Treasury said it would at least double buybacks of long-dated government debt, pushing yields lower. Lower yields reduce the appeal of bonds and help gold, which pays no interest. Coeur jumped 13% with other miners on the news.

    This monetary shift is a major outside force that moves precious metal prices and therefore CDE.

  • Exploration extends mine life at New Afton and Rainy River Coeur reported drilling extended mineralization by hundreds of meters at both Canadian mines, with a record $158 million exploration budget for 2026. Longer mine life means more future metal to sell, supporting the stock's long-term value.

    This new update shows growth potential that can offset the current ramp-up problems.

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