Pan American Silver (PAAS) Q3 earnings: Taking a look at key metrics versus estimates

For the quarter ended September 2026, Pan American Silver (PAAS) reported revenue of $1.01 billion, up 17.7% over the same period last year. EPS came in at $0.69, compared to $0.48 in the year-ago quarter.

The reported revenue represents a surprise of -2.34% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being $0.66, the EPS surprise was +4.55%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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:

• Attributable Production - Gold: 167.90 Koz versus 167.89 Koz estimated by seven analysts on average.
• Attributable Production - Silver: 6,070.00 Koz versus 6,381.71 Koz estimated by seven analysts on average.
• La Colorada, Mexico - Ounce Production - Gold: 1.00 Koz compared to the 0.78 Koz average estimate based on seven analysts.
• La Colorada, Mexico - Ounce Production - Silver: 1,546.00 Koz versus 1,565.54 Koz estimated by seven analysts on average.
• Huaron, Peru - Ounce Production - Silver: 785.00 Koz compared to the 819.79 Koz average estimate based on seven analysts.
• San Vicente, Bolivia - Ounce Production - Silver: 717.00 Koz versus 690.80 Koz estimated by seven analysts on average.
• Dolores, Mexico - Ounce Production - Gold: 5.80 Koz compared to the 4.71 Koz average estimate based on seven analysts.
• Shahuindo, Peru - Ounce Production - Silver: 55.00 Koz compared to the 56.73 Koz average estimate based on seven analysts.
• Shahuindo, Peru - Ounce Production - Gold: 32.10 Koz versus the seven-analyst average estimate of 33.12 Koz.
• Timmins, Canada - Ounce Production - Gold: 23.80 Koz versus 25.12 Koz estimated by seven analysts on average.
• Average Realized Prices per ounce - Silver: 63.74 $/Oz compared to the 62.62 $/Oz average estimate based on seven analysts.
• Average Realized Prices per ounce - Gold: 4,267.00 $/Oz compared to the 4,261.17 $/Oz average estimate based on seven analysts.

Shares of Pan American Silver have returned -16.6% over the past month versus the Zacks S&P 500 composite's -2% 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.