Pan American Silver shares surge 7.23% intraday on record $251.7M cash flow and COFECE approval of MAG Silver acquisition.

Pan American Silver (PAAS) rose 7.23% intraday following the announcement that COFECE approved its acquisition of MAG Silver on August 25, 2025, a move expected to boost production and operational efficiency. The stock also benefited from strong Q3 2025 results, including a record $251.7 million free cash flow and a 14% dividend increase, reinforcing investor confidence. Analyst upgrades, including BofA Securities raising its price target to $51 and CIBC to $62, further supported the rally. Institutional buying by entities like Vanguard and Nuveen, totaling millions in new investments, added momentum. The broader silver price surge to $57.30/oz, coupled with positive sentiment around the company’s integration of MAG Silver, underscored the stock’s upward trajectory. These factors collectively drove the intraday surge, reflecting optimism about PAAS’s growth potential and profitability.