- TD Securities Upgrades Pan American Silver (PAAS) to Buy
May 14, 2026
Pan American Silver Corp. (NYSE:PAAS) is one of the
10 Best Stocks to Buy in Falling Markets According to Wall Street Analysts.
On May 11, 2026, TD Securities analyst Wayne Lam upgraded Pan American Silver Corp. (NYSE:PAAS) to Buy from Hold while raising the price target to $72 from $67. The firm said recent developments, including the La Colorada Skarn update, have improved the company’s outlook.
On May 5, 2026, Pan American Silver Corp. (NYSE:PAAS) reported Q1 adjusted EPS of $1.09, versus the consensus estimate of $1.06. Revenue totaled $1.15B, while attributable revenue reached $1.33B, versus the consensus estimate of $1.22B. President and CEO Michael Steinmann said the company delivered solid quarterly results driven by strong production, disciplined cost management, and higher quarter-over-quarter silver and gold prices. Steinmann added that Pan American remains on track to meet its 2026 guidance and generated $488M in free cash flow during the quarter, lifting cash and short-term investments to a record $1.8B.
Pan American Silver Corp. (NYSE:PAAS) raised its FY26 project capital expenditure outlook to $240M-$255M from $195M-$210M following the revised Preliminary Economic Assessment for the La Colorada Skarn Project released earlier in 2026. The company said it now expects to spend $92M-$95M on the project this year, up from its prior outlook of $47M-$50M. The company reaffirmed its broader 2026 operating outlook for silver and gold production, zinc, lead, and copper output, all-in sustaining costs, and sustaining capital expenditures. Pan American added that gold production is now expected to be weighted more heavily toward the fourth quarter after some second-quarter production was deferred later into the year.TD Securities Upgrades Pan American Silver (PAAS) to Buy
Pan American Silver Corp. (NYSE:PAAS) explores for, develops, and operates precious and base metal mining assets across the Americas.
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- Is It Too Late To Consider Pan American Silver (TSX:PAAS) After 180% One Year Surge?
May 14, 2026
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE.
If you are wondering whether Pan American Silver at US$87.20 is priced for opportunity or already reflecting high expectations, the next sections will walk through what the current valuation is really saying. The stock has returned 12.8% over the past week, 10.2% over the last 30 days, 24.5% year to date, 180.2% over 1 year and 140.5% over 5 years, which naturally raises questions about how much of the story is already in the price. Recent coverage has focused on Pan American Silver as a way to gain exposure to silver and precious metals at a time when investors are reassessing inflation, interest rates and safe haven assets. There has also been ongoing discussion about how miners are managing costs, project pipelines and geopolitical risks, all of which can influence how investors think about the stock's risk and reward profile. Despite this attention, Pan American Silver currently scores only 1 out of 6 on our undervaluation checks. The rest of this article will compare different valuation approaches and then finish with a more complete way to judge whether the stock's current price makes sense.
Pan American Silver scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.
Approach 1: Pan American Silver Discounted Cash Flow (DCF) Analysis
A Discounted Cash Flow model estimates what a stock could be worth by projecting the company’s future cash flows and discounting them back to today’s value. For Pan American Silver, the model used here is a 2 Stage Free Cash Flow to Equity approach, based on cash flow projections rather than earnings or dividends.
The company’s latest twelve month free cash flow is reported at $1,206.1m. Analyst estimates and subsequent extrapolations point to projected free cash flow of $1,890.9m in 2026 and $1,809.2m in 2028, with further projections out to 2035 provided by Simply Wall St’s model rather than by analysts directly.
When all those projected cash flows are discounted back to today, the DCF model arrives at an estimated intrinsic value of $75.50 per share. Compared with the current share price of CA$87.20, this implies the stock is about 15.5% above the DCF estimate, which suggests Pan American Silver may be trading at a premium to this cash flow-based valuation.
Result: OVERVALUED
Our Discounted Cash Flow (DCF) analysis suggests Pan American Silver may be overvalued by 15.5%. Discover 7 high quality undervalued stocks or create your own screener to find better value opportunities.
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PAAS Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Pan American Silver.
Approach 2: Pan American Silver Price vs Earnings
For a profitable company, the P/E ratio is a useful way to see how much investors are paying for each dollar of earnings. It quickly ties the share price to the underlying profits, which is usually what drives long term returns.
What counts as a “normal” P/E ratio depends on how fast earnings are expected to grow and how risky those earnings are. Higher expected growth or lower perceived risk can support a higher multiple, while slower growth or higher risk tends to justify a lower one.
Pan American Silver is trading on a P/E of 21.2x. That sits above both the Metals and Mining industry average of 18.3x and the peer average of 16.9x, which signals that the stock is priced more expensively than many of its closest comparisons.
Simply Wall St’s Fair Ratio for Pan American Silver is 23.2x. This is a proprietary estimate of what the P/E ratio might be given the company’s earnings profile, industry, profit margins, market cap and key risks. Because it factors in these company specific drivers, the Fair Ratio aims to be more tailored than a simple check against industry or peer averages.
Comparing the current P/E of 21.2x to the Fair Ratio of 23.2x suggests the stock is somewhat cheaper than this tailored benchmark.
Result: UNDERVALUEDTSX:PAAS P/E Ratio as at May 2026
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Upgrade Your Decision Making: Choose your Pan American Silver Narrative
Earlier it was mentioned that there is an even better way to understand valuation, and Narratives are that tool. They let you attach a clear story about Pan American Silver, such as a bullish view that links higher metal price assumptions and a Fair Value near US$331 per share, or a more cautious view that aligns with analyst targets around CA$63, CA$74 or CA$84, to a set of explicit forecasts for future revenue, earnings and margins. You can then compare the resulting Fair Value with today’s price to decide whether the stock looks attractive or stretched, and see that view update automatically on Simply Wall St’s Community page as new earnings, project updates or news come through.
For Pan American Silver, however, we will make it really easy for you with previews of two leading Pan American Silver narratives:
🐂 Pan American Silver Bull Case
Fair value in this bullish narrative: US$331.00 per share.
Implied discount to this fair value at the last close of US$87.20: around 74% below the narrative fair value.
Revenue growth assumption in this view: 67.92%.
This narrative leans heavily on very high metal price assumptions, using US$100 per oz silver and US$3,000 per oz gold as the core drivers of the upside case. It factors in major contributions from Escobal and Navidad on top of existing production, with Escobal assumed to add 20 million oz of silver a year and Navidad seen as a longer term option subject to permitting. Using these price and volume assumptions, it applies a 15x cash flow multiple to projected free cash flow of about US$4.65b to arrive at a fair value near US$331 per share.
🐻 Pan American Silver Bear Case
Fair value in this more cautious narrative: CA$73.64 per share.
Implied premium to this fair value at the last close of CA$87.20: about 18% above the narrative fair value.
Revenue growth assumption in this view: 19.86%.
This narrative is built around analyst assumptions that revenue compounds at about 19.9% a year and profit margins rise from 19.5% to 42.3%, with earnings reaching US$2.4b and earnings per share of US$5.26 by around January 2029. It also assumes the P/E multiple compresses from 36.7x today to 14.2x on those 2029 earnings, which is lower than the current P/E cited for the US Metals and Mining industry. The fair value range of CA$63.14 to CA$84.13, and the consensus target of CA$73.64, is framed as broadly in line with the current price, while highlighting execution, cost and project risks that could challenge the story if they do not play out as expected.
Between these two narratives you can see how different metal price paths, project outcomes and valuation multiples can lead to very different views of what Pan American Silver is worth today, and you can decide which assumptions feel closer to your own.
To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Pan American Silver on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.
Do you think there's more to the story for Pan American Silver? Head over to our Community to see what others are saying!TSX:PAAS 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include PAAS.TO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Why You Might Be Interested In Pan American Silver Corp. (TSE:PAAS) For Its Upcoming Dividend
May 14, 2026
Pan American Silver Corp. (TSE:PAAS) stock is about to trade ex-dividend in 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. This means that investors who purchase Pan American Silver's shares on or after the 19th of May will not receive the dividend, which will be paid on the 1st of June.
The company's next dividend payment will be US$0.18 per share, on the back of last year when the company paid a total of US$0.72 to shareholders. Calculating the last year's worth of payments shows that Pan American Silver has a trailing yield of 1.1% on the current share price of CA$87.20. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.
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If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Pan American Silver paid out just 17% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. It paid out 16% of its free cash flow as dividends last year, which is conservatively low.
It's positive to see that Pan American Silver's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
See our latest analysis for Pan American Silver
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.TSX:PAAS Historic Dividend May 14th 2026
Have Earnings And Dividends Been Growing?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That's why it's comforting to see Pan American Silver's earnings have been skyrocketing, up 29% per annum for the past five years. Pan American Silver earnings per share have been sprinting ahead like the Road Runner at a track and field day; scarcely stopping even for a cheeky "beep-beep". We also like that it is reinvesting most of its profits in its business.'
Story Continues
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the past 10 years, Pan American Silver has increased its dividend at approximately 14% a year on average. Both per-share earnings and dividends have both been growing rapidly in recent times, which is great to see.
Final Takeaway
Has Pan American Silver got what it takes to maintain its dividend payments? It's great that Pan American Silver is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. It's disappointing to see the dividend has been cut at least once in the past, but as things stand now, the low payout ratio suggests a conservative approach to dividends, which we like. Pan American Silver looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. Our analysis shows 1 warning sign for Pan American Silver and you should be aware of this before buying any shares.
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- Year Six of the Silver Deficit Meets a Newly Funded Critical-Metals Drill Program in British Columbia
May 14, 2026
Issued on behalf of GoldHaven Resources Corp.
Upsized flow-through financing closes funding gap as 2026 Magno drill campaign expands across silver, tungsten, lead, zinc, and indium targets in the Cassiar District
VANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- American News Group News Commentary — Silver is now in the sixth consecutive year of a structural supply deficit, and the gap is widening rather than narrowing. Global silver supply ran approximately 46.3 million troy ounces short of demand in 2026 — a 15% increase from the prior year — even as governments accelerate critical-minerals commitments through new strategic-reserve programs and bilateral cooperation agreements.[1] Tungsten, lead, zinc, and indium — the polymetallic neighbors that travel with silver in many high-grade systems — are picking up the same policy tailwind. Tungsten is classified as a critical mineral by both the United States and Canada, and Canada currently has no primary domestic tungsten production, a supply gap that has sharpened investor attention on the small group of juniors holding district-scale polymetallic assets with credible drill programs in front of them.[1]
GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) just announced an upsized flow-through financing — bringing total 2026 flow-through proceeds to approximately $3.2 million — fully funding an expanded 2026 drill program at its flagship Magno Project in the Cassiar District of British Columbia.[2] With over $3 million in total capital now directed toward Magno in 2026 and the recently announced C$5.0 million LIFE offering providing further expansion capacity, the Company has moved from a permitting-and-targeting story to a fully funded, multi-zone drill story across a polymetallic system with significant silver and critical-metals exposure.[2][3]
The market response visible in the financing book is the more telling signal. The Company increased the size of its flow-through offering in early May 2026 due to strong investor demand, after announcing the original raise — a sequence that placed the Magno program on a firmer funding footing than originally scoped.[2] Drilling is expected to grow beyond the initial ~5,000 metres, with flexibility to expand based on results, and is focused on the Magno, Kuhn, and D Zones — areas the Company describes as carrying strong grades and clear geological vectors.[2] Recent and historical results from the Magno area include up to 2,370 g/t silver, greater than 20% lead, 19.25% zinc, 6,550 ppm tungsten and 334 ppm indium.[4]
Rob Birmingham, CEO of GoldHaven, framed the moment in the Company’s May 7 release: “The level of investor interest reflects growing recognition of the opportunity at Magno. With drilling set to expand beyond our initial program, we are entering a catalyst-rich phase where we can begin to test the scale of this system across multiple high-priority targets. We believe Magno has the characteristics of a large, multi-phase mineral system, and this program is a key step in advancing that potential.”[2]
Review the entire profile on Goldhaven Resources here
Beyond Magno, the Company is advancing the Copeçal Gold Project in Mato Grosso, Brazil, where an independent specialist geology consultant in May 2026 confirmed a large-scale hydrothermal system and identified high-priority drill targets.[5] First-ever drilling at Copeçal West confirmed gold mineralization in bedrock, with subsequent work supporting Phase 2 planning.[5] GoldHaven also holds three critical mineral projects in Brazil — Bahia South, Bahia North, and Iguatu — covering approximately 123,900 hectares.[2] Between Magno’s polymetallic system, Copeçal’s drill-ready gold profile, and the Brazilian critical mineral package, the Company offers diversified discovery exposure at a stage when many juniors remain locked into a single asset.
GoldHaven’s drill-targeting work at Magno has been supported by airborne magnetic surveying engaged with Dias Airborne Limited, covering 1,741 line-kilometres flown at 100-metre line spacing — the first modern geophysical survey across the consolidated Magno land package.[6] The Company has also been constructing a comprehensive 3D geological model integrating historical drilling, surface sampling, and geophysical datasets to refine and prioritize 2026 drill targets.[7]
The macro framing for silver-and-critical-metals juniors has continued to draw institutional attention in the spring of 2026, as both the supply-deficit picture and the policy environment moved in the same direction.
Hecla Mining Company (NYSE: HL) reported its 2026 first-quarter results on May 5, 2026, with cash flow from continuing operations of $183 million and record free cash flow of $144 million, alongside what the Company described as a sharpened premier silver focus and an advancing organic growth pipeline.[8] The Coeur d’Alene-based producer is the largest silver miner in the United States, and its capital-return and growth signals are closely watched as a benchmark for senior silver names.
First Majestic Silver Corp. (NYSE: AG) (TSX: AG) on April 9, 2026 reported Q1 2026 production of 3.5 million ounces of silver, 34,341 ounces of gold, 15.4 million pounds of zinc, 8.7 million pounds of lead, and 262,913 pounds of copper across four producing underground mines in Mexico — namely the Santa Elena, Los Gatos (70% JV interest), San Dimas, and La Encantada operations.[9] The Company noted a 48% year-over-year increase in silver production at La Encantada driven by higher grades mined from the Ojuelas zone, while the modest overall silver decline reflected a reduced cut-off grade in response to a stronger metal-price environment.[9]
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) on April 30, 2026 announced its fourth major new discovery at the Galena Complex in Idaho, defining up to six new high-grade silver-copper-antimony splays located approximately 150 metres southwest of the recently discovered 149 Vein Complex.[10] Key intercepts included 1.9 metres at 1,392 g/t Ag, 1.5% Cu, and 1.5% Sb; 0.7 metres at 2,563 g/t Ag with 1.8% Cu and 1.4% Sb; and 0.5 metres at 3,714 g/t Ag.[10] The Company has positioned itself as a growing North American precious metals and antimony producer at a moment when antimony — like tungsten — has moved firmly into the critical-minerals policy conversation.
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) has been integrating the September 2025 acquisition of MAG Silver and its 44% Juanicipio joint-venture interest into its operational base, with attributable silver production reaching a record 7.28 million ounces in Q4 2025 supported by the Juanicipio addition.[11] The Company has guided 2026 attributable silver production of 25 million to 27 million ounces, with all-in sustaining costs for its silver segment of US$15.75 to US$18.25 per ounce.[11] On March 24, 2026, Pan American released a revised preliminary economic assessment for future expansion of La Colorada that would increase annual production by 15.8 million ounces of silver during the first five years of operation after ramp-up.[11]
Bottom Line on GOH’s Position
The setup for GoldHaven heading into the back half of 2026 is unusual for an exploration-stage junior: a fully funded drill program, multiple high-priority targets across a district-scale polymetallic system, modern geophysics flying in June 2026, and discovery optionality on a second continent through Copeçal in Brazil.[2][3][6] When the underlying commodity — silver — is in year six of a structural deficit and the adjacent metals in the same vein systems carry critical-mineral classifications, the funding and drilling sequence GoldHaven has just locked in lands squarely in the lane investors are watching.
Read more about GoldHaven Resources Corp. at:Equity-Insider Profile Page
CONTACT:
American News Group
editor@americannewsgroup.com
(604) 265-2873
SOURCES:
EquityInsider.com Sector Commentary — “The Silver Deficit Just Hit Year Six and Junior Miners Are Responding,” April 29, 2026, https://www.prnewswire.com/news-releases/the-silver-deficit-just-hit-year-six-and-junior-miners-are-responding-302756858.htmlGoldHaven Resources Corp. — “GoldHaven Upsizes Flow-Through Financing to up to $1.2 Million on Strong Demand to Expand 2026 Drill Program at Magno,” GlobeNewswire, May 7, 2026, https://www.globenewswire.com/news-release/2026/05/07/3290002/0/en/GoldHaven-Upsizes-Flow-Through-Financing-to-up-to-1-2-Million-on-Strong-Demand-to-Expand-2026-Drill-Program-at-Magno.htmlGoldHaven Resources Corp. — “GoldHaven Announces C$5.0M LIFE Offering to Advance Magno and Copeçal Projects,” GlobeNewswire, April 30, 2026, https://www.globenewswire.com/news-release/2026/04/30/3284844/0/en/goldhaven-announces-c-5-0m-life-offering-to-advance-magno-and-cope%C3%A7al-projects.htmlGoldHaven Resources Corp. — “GoldHaven Advances 2026 Drill Targeting at Magno; Permit Application Submitted,” GlobeNewswire, April 1, 2026, https://www.globenewswire.com/news-release/2026/04/01/3266615/0/en/GoldHaven-Advances-2026-Drill-Targeting-at-Magno-Permit-Application-Submitted.htmlGoldHaven Resources Corp. — “GoldHaven Reports Independent Review Confirming Large-Scale Hydrothermal System and Identifies High-Priority Drill Targets at Copeçal,” May 1, 2026.GoldHaven Resources Corp. — “GoldHaven Launches District-Scale Airborne Survey at Magno to Support 2026 Drilling,” GlobeNewswire, April 15, 2026, https://www.globenewswire.com/news-release/2026/04/15/3274437/0/en/GoldHaven-Launches-District-Scale-Airborne-Survey-at-Magno-to-Support-2026-Drilling.htmlGoldHaven Resources Corp. — Corporate website, https://goldhavenresources.comHecla Mining Company — “Hecla Reports First Quarter 2026 Results,” Business Wire, May 5, 2026.First Majestic Silver Corp. — “First Majestic Reports Q1 2026 Production Results,” April 9, 2026, https://www.sec.gov/Archives/edgar/data/1308648/000106299326001902/exhibit99-1.htmAmericas Gold and Silver Corporation — “Americas Gold and Silver Announces Fourth Major New Discovery at the Galena Complex, Identifying Six New High-Grade Silver-Copper-Antimony Veins Including 1,392 g/t Ag, 1.5% Cu and 1.5% Sb Over 1.9 Metres,” April 30, 2026, https://www.sec.gov/Archives/edgar/data/0001286973/000106299326002222/exhibit99-1.htmPan American Silver Corp. — Investor Presentation, May 2026; Q4 2025 results and 2026 guidance, https://panamericansilver.com
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Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. American News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for GoldHaven Resources Corp. advertising and digital media. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of GoldHaven Resources Corp. and reserve the right to buy and sell, and will buy and sell shares of GoldHaven Resources Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been approved by GoldHaven Resources Corp.
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- Stardust Commissions Updated NI 43-101 Mineral Resource Estimate at Omega Gold Project in Kirkland Lake District of Ontario
May 13, 2026
Highlights:
Omega's Updated MRE to incorporate new drilling and higher gold prices, targeting depth and strike extensions at a deposit surrounded by Agnico Eagle, Pan American Silver and Gold Candle. Historical 2013 mineral resource estimate outlined 219,800 oz Au Indicated based on 4.92 Mt at 1.39 g/t, and 365,400 oz Au Inferred based on 4.69 Mt at 2.43 g/t, completed at gold prices a fraction of today's levels. Approximately 60 additional historical drill holes to be digitized and added to the database, supplementing the existing 184 holes validated. Orix Geoscience engaged to complete database compilation, digitization, and validation. Omega sits immediately adjacent to assets held by Agnico Eagle, Pan American Silver, and Gold Candle, confirming the district's enduring strategic importance. Abitibi-style deposits characteristically grow at depth and along strike, the updated MRE is designed to provide insights to test this potential. Updated MRE expected to be completed during summer 2026; along with the McGarry tailings and Kirkland West projects, Omega gives Stardust an enviable land package in a world-class gold district.
Toronto, Ontario--(Newsfile Corp. - May 13, 2026) - Stardust Metal (CSE: ZIGY) ("Stardust" or the "Company") is pleased to announce the commencement of database compilation, digitization and validation work for an updated NI 43-101 Mineral Resource Estimate ("MRE") for its 100% owned Omega Project, located on the Cadillac Break near Kirkland Lake, Ontario. The updated MRE is expected to be completed during the summer of 2026.
Stardust Metal on the Cadillac Break - Figure 1
The Omega Project: A Deposit in a World-Class Address
The Omega Project is located on the Larder Lake-Cadillac Break, one of the most prolific gold-bearing structural corridors in the world. The Break has hosted some of Canada's largest gold mines and continues to attract major producers. Omega sits in immediate proximity to assets held by Agnico Eagle, Pan American Silver, and Gold Candle, a neighbourhood that validates the district's geological endowment and underscores the strategic relevance of Stardust's land position. The Kirkland Lake camp has seen accelerating consolidation activity as senior and mid-tier producers seek to build scale along the Break, and the Company believes an updated, well-supported MRE will better position Omega within that competitive landscape.
A well-established characteristic of Abitibi Greenstone Belt deposits is their tendency to remain open, and often to grow materially, both at depth and along strike. The Omega mineralization, which remains open in multiple directions, exhibits the structural and lithological controls typical of high-quality Abitibi lode-gold systems. The updated MRE program has been designed with this expansion potential in mind, incorporating all available drilling to support a modern three-dimensional geological model that can frame future targeting.
Story Continues
Gold Price and New Data
The historical mineral resource estimate was completed in 2013 at gold prices that were a fraction of today's levels. At the time, the estimate outlined 219,800 oz Au Indicated based on 4.92 Mt at 1.39 g/t, and 365,400 oz Au Inferred based on 4.69 Mt at 2.43 g/t.1
The Company believes the historical estimate remains relevant as it provides an indication of the scale and exploration potential of the Omega Project and forms an important basis for ongoing technical evaluation and exploration work. The historical estimate categories are considered comparable to the current CIM Definition Standards (2014) categories for Measured, Indicated and Inferred mineral resources; however, a qualified person has not completed sufficient work to classify the historical estimate as current mineral resources, and the Company is not treating the historical estimate as current mineral resources. The Company is not aware of any more recent mineral resource estimates for the Omega Project.
Updating the economic assumptions underpinning the resource model to reflect the current gold price environment alone has the potential to materially affect both the tonnage and grade mineral resources at Omega.
In addition to the gold price uplift, drilling completed in 2022 was not captured in the historical estimate. That work, together with approximately 60 additional historical drill holes not yet digitized, represents a meaningful increment of new geological information. The updated estimate is therefore expected to reflect a more complete picture of Omega's mineralized envelope.
Orix Geoscience has commenced the organization, digitization and validation of historical drilling data for the Omega Project. The scope of work includes:
Review of historical assessment reports, drill logs and assay certificates Preparation of validated datasets suitable for modern 3D geological modelling Digitization of approximately 60 historical drill holes not currently included in the database Validation of approximately 184 drill holes currently contained within the digital database
Upon completion of this work, an independent qualified person will prepare an updated NI 43-101 compliant mineral resource estimate and technical report for the Omega Project. This will include a re-interpretation of the mineralized envelopes based on historical interpretations augmented by lithological, alteration, and mineralized interval descriptions in the historical drill logs, as well as a re-validated assay database and verified drill hole collar locations where available.
The updated MRE is expected to utilize modern geological modelling techniques and current economic assumptions to better define the scale and continuity of mineralization at Omega and is targeted for completion during summer 2026.
An Enviable Land Package in a World-Class District
Omega is one of three significant project areas that together give Stardust an unusually strong foothold in the Kirkland Lake camp. The McGarry Project hosts the historic Kerr-Addison tailings deposit, approximately 40 million tonnes that Stardust is currently characterising through a sonic drilling program, as well as hard-rock exploration targets along the Cadillac Break. The Kirkland West Project adds further strike exposure along the same geological corridor. Together, Omega, McGarry, and Kirkland West provide Stardust with a diversified, multi-asset platform at a time when the Kirkland Lake camp is attracting renewed attention from major producers and royalty companies alike.
The Company notes that Pan American Silver's recent divestiture of regional assets and continued activity by Agnico Eagle and Gold Candle underscore the strategic value attributed to well-located, well-defined resource assets along the Break. Stardust believes an updated, independently verified mineral resource estimate at Omega will be a meaningful step in realizing that value.
"The Kirkland Lake and Cadillac Break region continues to see increasing consolidation activity as companies seek to build scale and expand strategic resource positions. Given the current gold price environment and the inclusion of drilling completed since the 2013 estimate, we believe the updated MRE has the potential to better reflect the scale and continuity of mineralization at Omega and to position Stardust more competitively within one of Canada's most active gold districts." Janet Meiklejohn, VP Corporate Development for Stardust Metal Corp.
About Stardust Metal
Stardust is a gold exploration company with assets on the world class Cadillac Break and adjacent to Agnico Eagle, Barrick, Pan American and Gold Candle. Its main assets include the McGarry and Omega projects, in addition to its Kirkland West and Goldie projects. McGarry also contains a large historic tailings complex in the Kirkland Lake region.
QP Statement
The technical information contained in this news release has been reviewed and approved by Dr. Mynyr Hoxha, P.Geo, VP Exploration at Stardust Metal Corp., a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." A qualified person has not done sufficient work to classify the historical estimate as current mineral resources.
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To Speak to the Company directly, please contact:
Janet Meiklejohn
Phone: 416.644.1567
Email: jmeiklejohn@oregroup.ca
www.stardustmetal.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Stardust assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Stardust. Additional information identifying risks and uncertainties is contained in filings by Stardust with Canadian securities regulators, which filings are available under Stardust's profile on SEDAR+.
1These resources include open pittable as well as underground mineral resources estimated at 0.5 g/t Au cut-off above the 130m elevation above sea-level and 3.0 g/t Au cut-off below 130m elevation (Source AMC Mining Consultants, report number 913006, effective date: 2013). A constant bulk density of 2.8 g/m3 was used. Samples previous to 2011 were excluded from the Indicated Mineral Resource, due to the lack of accurate surveying. Blocks within the modelled mineralized zones which were populated during the three-pass octant search have been classified as Inferred Resources. The Indicated Mineral Resource was selected based on assessing which blocks fell within the 50m x 50m drilling grid. This was further modified visually to allow reasonable continuity of the Indicated Mineral Resource.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297181
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- Osisko Development (ODV) Appoints Sarah MacDonald as VP of Construction Contracting
May 13, 2026
Osisko Development Corp. (NYSE:ODV) is one of the best Canadian gold stocks to buy right now. On May 4, Osisko Development appointed Sarah MacDonald as Vice President, Construction Contracting and Commercial, effective immediately. This addition is intended to strengthen the company’s execution capabilities as it continues to advance its flagship Cariboo Gold Project in British Columbia. Chairman and CEO Sean Roosen noted that MacDonald’s extensive background will be instrumental in the project’s upcoming development phases.
MacDonald joins the team with over 18 years of experience in legal, contract, and corporate affairs within the mining sector. She previously served as General Counsel for Dumas Contracting Ltd., where she managed legal matters for underground operations across North America and led initiatives in risk management and sustainability. Her career also includes over a decade in corporate law and experience supporting partnerships with major industry players like Pan American Silver and Torex Gold.Osisko Development (ODV) Appoints Sarah MacDonald as VP of Construction Contracting
Osisko Development Corp. (NYSE:ODV) remains focused on its objective of becoming an intermediate gold producer by revitalizing past-producing mining camps. In addition to the fully permitted Cariboo Gold Project, the company is progressing the Tintic Project in Utah, a brownfield site with significant exploration potential. The company continues to prioritize long-life assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation and risk management.
Osisko Development Corp. (NYSE:ODV) acquires, explores, and develops precious metals properties across North America. Its portfolio provides exposure to gold and other key metals, positioning the company to benefit from a supportive commodity price environment as it advances toward production.
While we acknowledge the potential of ODV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
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- Pan American Silver (PAAS) Introduces Enhanced Shareholder Return Framework for 2026
May 13, 2026
Pan American Silver Corp. (NYSE:PAAS) is one of the best Canadian gold stocks to buy right now. On May 6, Pan American Silver introduced an enhanced shareholder return framework targeting the distribution of 35% to 40% of its annual attributable free cash flow. Supported by record liquidity of $1.6 billion and strong operational performance, the company anticipates returning up to $1 billion to shareholders in 2026. This strategy combines a base annualized dividend of ~$305 million with opportunistic share repurchases under its normal course issuer bid, which began in March.
The framework is designed to drive long-term per-share value by cancelling repurchased shares, which naturally increases the dividend amount per remaining common share over time. In Q1 alone, the company generated $488 million in attributable free cash flow, including its 44% interest in the Juanicipio mine. CEO Michael Steinmann emphasized that this disciplined approach allows the company to reward investors while maintaining the financial strength necessary to navigate market cycles.Pan American Silver (PAAS) Introduces Enhanced Shareholder Return Framework for 2026
In addition to shareholder returns, Pan American remains focused on high-return organic growth and operational excellence. Capital allocation priorities include advancing the La Colorada Skarn project, optimizing the Jacobina mine, and expanding production at Timmins through the Bell Creek shaft extension. By using the largest silver reserves among primary producers, the company aims to provide direct exposure to silver prices while sustaining a high-quality portfolio across the Americas.
Pan American Silver Corp. (NYSE:PAAS) is a Canadian-based mining company that explores, extracts, and produces silver and gold, along with base metals like zinc, lead, and copper, primarily in the Americas.
While we acknowledge the potential of PAAS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
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- Pan American Silver to Host Investor Day on June 1, 2026
May 13, 2026
VANCOUVER, British Columbia, May 13, 2026--(BUSINESS WIRE)--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") will host an Investor Day on Monday, June 1, 2026 in Toronto, Ontario from 1:00 to 4:00 pm ET during which Pan American's executive management team will provide detailed presentations on Pan American's strategy, operations, growth projects and exploration activities. The event will include a question-and-answer session with management.
Webcast details:
Date: Monday, June 1, 2026
Time: 1:00 pm ET
Registration link: https://reg.lumiengage.com/pan-american-silver-ir-day/reg-en/Site/Register
The presentation slides and a recording of the webcast will be available at https://panamericansilver.com/invest/events-and-presentations/.
About Pan American Silver
Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "PAAS".
Learn more at panamericansilver.com
Follow us on LinkedIn
View source version on businesswire.com: https://www.businesswire.com/news/home/20260512664367/en/
Contacts
For more information:
Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: ir@panamericansilver.com
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- Pan American Silver to Host Investor Day on June 1, 2026
May 12, 2026 · businesswire.com
VANCOUVER, British Columbia--(BUSINESS WIRE)--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") will host an Investor Day on Monday, June 1, 2026 in Toronto, Ontario from 1:00 to 4:00 pm ET during which Pan American's executive management team will provide detailed presentations on Pan American's strategy, operations, growth projects and exploration activities. The event will include a question-and-answer session with management. Webcast details: Date: Monday, June 1, 2026 Tim.
- PAN AMERICAN SILVER TO HOST INVESTOR DAY ON JUNE 1, 2026
May 12, 2026
VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--PAN AMERICAN SILVER CORP. (NYSE: PAAS) (TSX: PAAS) ("PAN AMERICAN") WILL HOST AN INVESTOR DAY ON MONDAY, JUNE 1, 2026 IN TORONTO, ONTARIO FROM 1:00 TO 4:00 PM ET DURING WHICH PAN AMERICAN'S EXECUTIVE MANAGEMENT TEAM WILL PROVIDE DETAILED PRESENTATIONS ON PAN AMERICAN'S STRATEGY, OPERATIONS, GROWTH PROJECTS AND EXPLORATION ACTIVITIES. THE EVENT WILL INCLUDE A QUESTION-AND-ANSWER SESSION WITH MANAGEMENT. WEBCAST DETAILS: DATE: MONDAY, JUNE 1, 2026 TIM.
