Pan American Silver (PAAS) reported Tuesday preliminary fourth quarter attributable gold production of 197.8 thousand ounces, down from 224 thousand ounces a year earlier.

For fiscal 2026, the company expects attributable gold production to be between 700 thousand ounces to 750 thousand ounces, according to a statement.

Capital expenditure for 2026 is projected to amount between $515 million and $550 million, the company said.