The Globe and Mail reports in its Friday, Sept. 5, edition that National Bank Financial analyst Don DeMarco has resumed coverage on Pan American Silver with an "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. DeMarco's share target soared $9.50 to $62. Analysts on average target the shares at $52.26. Mr. DeMarco calls Pan American Silver's $2.1-billion acquisition of Mag Silver "prescient," noting it boosts silver reserves and production amid limited M&A targets while offering exploration opportunities. Mr. DeMarco says in a note: "This transaction transfers possession of the 44-per-cent JV Juanicipio silver mine in Mexico, whole ownership of the Larder exploration project in Ontario and a 100-per-cent earn-in interest in the Deer Trail exploration project in Utah. Liquidity remains robust as only $500-million of $1.08-billion cash [and] cash equivalents was used in the transaction. Catalysts on Deck: MRE update (superseding June 30, 2024), continued strategic asset dispositions; updates on exploration, engineering and JV partner discussions at the La Colorada Skarn; executing on FY25 consolidated guidance reiterated with Q2/25 financials."