Pan American Silver Closes Sale of Pico Machay Project to Xali Gold
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Pan American Silver Corp. PAAS completed its interest in Minera Calipuy S.A.C.,which owns the Pico Machay project, to Xali Gold Corp. Pan American Silver and Xali Gold previously inked a share purchase agreement on Oct. 23, 2025.Details of Pan American Silver’s Pico Machay ProjectLocated in Peru, Pico Machay is an advanced exploration-stage gold project with a high-sulphidation gold deposit. It has a near-term production goal and will offer immediate value and substantial upside to Xali Gold.The historic resource estimate of the gold project includes 264,600 ounces of gold in Measured and Indicated, and an additional 446,000 ounces in the Inferred category. Under the agreement, Pan American received a cash payment of $500,000 for the sale of Calipuy shares.PAAS’s Focus on Portfolio OptimizationThe company has been focusing on optimizing its portfolio. Pan American Silver disposed of its 80% ownership in the La Pepa project in the third quarter of 2025 for $40 million. On Dec. 2, 2024, the company disposed of its fully owned interest in La Arena for $306.6 million in cash proceeds.In early September, PAAS completed its previously stated acquisition of MAG Silver Corp. This move boosts Pan American Silver’s position as one of the leading silver producers globally and significantly strengthens the company’s industry-leading silver reserve base.Pan American Silver gained a 44% stake in the Juanicipio project, which is a large-scale, high-grade silver mine in Zacatecas operated by Fresnillo plc. With just a month of contribution from its stake in the Juanicipio mine, Pan American Silver saw a strong impact on its silver segment performance and cash flow in the third quarter of 2025.The transaction also adds the full ownership of the Larder exploration project and a full earn-in interest in the Deer Trail exploration project to PAAS’s portfolio. The addition of these assets will contribute significantly to Pan American Silver’s production, reserves and cash flow.Pan American Silver Stock’s Price PerformanceIn the past year, PAAS shares have skyrocketed 162.5% compared with the industry's 201.6% upsurge. Image Source: Zacks Investment Research PAAS’s Zacks Rank & Other Stocks to ConsiderPan American Silver currently flaunts a Zacks Rank #1 (Strong Buy). Some other top-ranked stocks from the basic materials space are Agnico Eagle Mines AEM, Kinross Gold Corporation KGC and Fortuna Mining Corp. FSM. AEM and KGC sport a Zacks Rank #1, and FSM has a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for Agnico Eagle Mines’ 2025 earnings is pegged at $7.77 per share. The estimate indicates year-over-year growth of 83.6%. It has an average trailing four-quarter earnings surprise of 11.6%. Agnico Eagle Mines’ shares have surged 107.6% in a year.The Zacks Consensus Estimate for Kinross Gold’s 2025 earnings is pegged at $1.67 per share, suggesting year-over-year growth of 145%. Kinross Gold’s shares jumped 135% last year.The consensus estimate for Fortuna Mining’s 2025 earnings is pegged at 76 cents per share. The estimate implies year-over-year growth of 65.2%. Fortuna Mining’s shares have surged 145.6% in a year.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Pan American Silver Corp. (PAAS): Free Stock Analysis Report Fortuna Mining Corp. (FSM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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