On July 2, Pan American Silver rose 5.11% in regular trading, trading at $46.89/share, with turnover of $27.32 million.

On the news front, Fed Governor Waller recently stated that U.S. inflation risks have declined, combined with the long-term supportive logic of global central banks continuing to accumulate gold reserves, lifting the precious metals mining sector broadly. Within the Gold sector, Coeur Mining gained 8.04%, Anglogold Ashanti rose 4.88%, Barrick Mining advanced 4.66%, and Newmont Mining climbed 4.61%.

Additionally, Pan American Silver recently approved a $146 million investment for the first phase of development at its Timmins operation in Ontario, Canada, including a shaft extension and exploration drifts. RBC also raised its price target on Pan American Silver to $75 from $55, maintaining an Outperform rating, with the consensus mean target at $71.09.

Pan American Silver engages in the exploration, development, extraction, and processing of silver, gold, zinc, lead, and copper mines across Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)