Pan American Silver Corp. Targets 35–40% Free Cash Flow Payout, Plans Up To $1B In 2026 Returns Including $305M Dividends And Share Buybacks

Pan American Silver Corp. (NYSE:PAAS) (TSX:PAAS) ("Pan American" or the "Company") today announced an enhanced shareholder return framework (the "Shareholder Return Framework") targeting the return of 35% to 40% of annual Attributable Free Cash Flow(1)(2) to shareholders through a combination of dividends and common share repurchases under Pan American's normal course issuer bid that began on March 6, 2026 (the "NCIB"). Based on the Shareholder Return Framework target and assuming that the current strong free cash flow generation continues, Pan American anticipates being able to return up to $1 billion to shareholders in 2026.