Pan American Silver: Investor Update

Описание: This was recorded on the 19th of November 2025.

/ Summary of 2025 and Financial Position /
0:00 - CEO Michael Steinmann
5:44 - Summary of 2025 and Financial Position

/ MAG Silver Acquisition /
12:01 - Acquisition of MAG Silver
14:17 - Acquisition Cost and Value of MAG Silver
16:23 - Juanicipio's Impact on Production and Cost Profile
18:02 - Exploration at Juanicipio
19:27 - Deer Trail and Larder
20:24 - Cost Inflation and Margin Expansion

/ Assets /
24:22 - Special Advisor Steve Busby
27:28 - Steve's Focus as Special Advisor
29:13 - Juanicipio in Short
33:22 - Grade and Cost Profile over Time
37:03 - Room For Optimization and Working with Operator Fresnillo
39:17 - Update on Jacobina
40:49 - Optimization Study for Jacobina
47:18 - La Colorada - New High-Grade Extensions

49:28 - Phased Development Approach (Skarn)
53:28 - Pan American's Ability To Build and Operate Phase One
55:48 - Update on Shahuindo
57:01 - Update on El Peñón
59:30 - Update on Timmins
1:05:20 - Update on Cerro Moro
1:08:58 - Steve's Closing Remarks

/ La Colorada Skarn /
1:13:10 - Exploration and Development of La Colorada (and Skarn)
1:16:56 - Grade and Production Profile of La Colorada (including Skarn)
1:18:03 - Partnership Discussions on La Colorada Skarn

/ Exploration and Escobal /
1:19:16 - Exploration Program in 2026
1:21:47 - Update on Escobal

/ Capital Allocation and M&A /
1:23:51 - Capital Allocation Priorities and Dividend Policy
1:26:14 - Shareholding in New Pacific Metals
1:27:47 - M&A and Portfolio Optimization
1:30:25 - Two-Year Vision For Pan American Silver