Pan American Silver is trading 6.96% down now at $48.73 after its August 12, 2026 second-quarter earnings release. * Adjusted EPS of $0.73 missed the $0.92 consensus estimate. * Net earnings reached $305 million, and silver production was at the high end of guidance of 6.5 million ounces. * Revenue of $1.12 billion fell short of the $1.16 billion forecast, while higher taxes and weaker gold production also pressured the reaction.