Pan American Silver Corp. (NYSE: PAAS) is one of the best silver mining stocks to invest in right now, with a Buy rating from RBC Capital and a $45 price target following a strong Q3 2025 performance, including record free cash flow.

Although revenue and adjusted EPS missed estimates, Pan American Silver Corp. saw record free cash flow of $251.7 million in Q3 2025, driven by high-margin production from the Juanicipio mine acquisition and strong metal prices.

The company produced 5.5 million ounces of silver and 183,500 ounces of gold in Q3 2025, with a one-month contribution from Juanicipio boosting silver output, while technical issues affected gold production at some mines.

Pan American Silver Corp. increased its quarterly dividend by 16% to $0.14 per share and raised its full-year 2025 silver production guidance to 22.0–22.5 million ounces, citing the positive impact of the Juanicipio mine integration.

Pan American Silver Corp. is a Canadian mining company that operates silver and gold mines in the Americas, extracting high-grade silver and gold bullion from underground and open-pit mines.

Investors looking for AI stocks with greater upside potential and less downside risk may find other opportunities, but Pan American Silver Corp. remains a strong investment option in the mining sector.

Read more at Yahoo Finance: RBC Capital Reiterates Buy Rating on Pan American Silver (PAAS), Sets $45 Target