First Eagle Investment Management significantly increased its position in Pan American Silver Corp. (PAAS), doubling its stake during the second quarter of 2026. According to regulatory filings, the investment firm now holds 4.83 million shares valued at approximately $216.53 million as of June 30. This information, disclosed in a delayed 13F filing, reflects trades made between March 31 and June 30, not a current transaction.
The increased investment occurred during a quarter where Pan American Silver reported strong financial results, including record shareholder returns and robust free cash flow. The company's silver production was at the high end of its guidance, although gold production was lower than anticipated. First Eagle has not publicly commented on the specific reasons for this substantial increase in its holding.