TSX:PAAS 10 December 2025 - 12 December 2025

Pan American Silver (PAAS) shares closed at $49.59 on December 12, down 1.51%, near the top of their 52-week range after a strong year for silver prices. Silver hit a record $64.31 as the US dollar weakened following a Federal Reserve rate cut. Mirae Asset Global ETFs Holdings raised its PAAS stake by 15.5% in Q2, now holding about 2.88% of the company. Trading volume reached 19.48 million shares.

Pan American Silver shares hit a 12-month high of $48.78 on December 10, 2025, after jumping 11% the previous day. The surge follows silver’s move above $60 per ounce and anticipation of a Federal Reserve rate cut. Trading volume topped 17 million shares, with the company’s market cap near $20.4 billion. Strong Q3 cash flow, higher production guidance, and recent acquisitions also supported the rally.