Shares of Pan American Silver Corp. advanced sharply on Friday, closing 6% higher at $57.93 as a rally in silver prices provided a tailwind for the precious metals miner. Trading volume was elevated at approximately 6.7 million shares.
The move represented a recovery from prior session losses, driven by a 3.4% surge in spot silver to $77.70 per ounce. The rebound followed the release of softer-than-expected U.S. inflation figures, which bolstered expectations for potential Federal Reserve interest rate cuts later this year.
Other silver-focused miners also posted strong gains. Hecla Mining rose about 8%, while First Majestic Silver and Coeur Mining each climbed more than 6%.
Pan American Silver, which derives a significant portion of its revenue from silver, has guided for attributable silver production between 25 million and 27 million ounces in 2026, alongside 700,000 to 750,000 ounces of gold. The company's performance is closely tied to silver price movements.
Investor attention now shifts to the company's upcoming financial results. Pan American is scheduled to release its fourth-quarter and full-year 2025 earnings after the market closes on Tuesday, February 18, with a conference call the following morning.
Markets will be closed Monday for the Washington's Birthday holiday, potentially amplifying price swings when trading resumes. Analysts will scrutinize the company's all-in sustaining costs and forward guidance for signs of operational efficiency amid volatile commodity markets.
