BOFA BACKS PAN AMERICAN SILVER ON GROWTH AND RETURNS BofA remains bullish on Pan American Silver, citing strong capital returns, asset diversification, and exploration-led growth. The bank highlights rising production potential from Timmins and optionality from Escobal and Navidad projects. It also points to a growing dividend and a $1 billion 2026 shareholder return framework combining dividends and buybacks. BofA expects continued upside from higher gold and silver prices alongside a strong reserve replacement track record.(*Walter Bloomberg)