With the costs of valuable metals hovering, so are the earnings for the corporations that do the tough work of extracting gold and silver from the Earth. As usually occurs, hovering earnings and share costs are resulting in key strikes that buyers like to see: increased dividends.

Beneath, we’ll break down three mining shares which are seeing huge appreciation and have simply considerably elevated their dividends.

PAAS Lifts Dividend 20% With Silver Beneficial properties Outpacing Gold in 2025

The primary is Pan American Silver NYSE: PAAS. Based mostly on its identify, buyers would rightly infer that the corporate primarily produces silver. Nonetheless, it additionally has publicity to gold. In Q2, the corporate produced 5.1 million ounces of silver and round 178,000 ounces of gold. Final quarter, the corporate posted data on a number of fronts.

That features all-time-high fundamental earnings per share (EPS) of 52 cents and document free money circulation of $33 million. In Q2 2025, Pan American Silver shares supplied a really spectacular complete return of simply over 58%. This comes as silver costs have elevated barely greater than gold costs in 2025. The 2 metals have ballooned their values by round 32% and 27%, respectively.

Together with its bettering enterprise fundamentals, Pan American Silver additionally introduced a really vital 20% improve to its quarterly dividend on August 6. This comes as the corporate’s internet money place improved considerably in Q2 to roughly $267 million.

The agency pays a base dividend of 10 cents per quarter, however will add further juice to that fee primarily based on its internet money every quarter. With the corporate’s internet money place sooner or later being unknown, forecasting the corporate’s dividend yield requires some estimation.

Assuming a 12-cent payout over the following 4 quarters, the inventory’s indicated yield can be round 1.5%. Nonetheless, it might additionally stretch as little as 1.3% or as excessive as 2.1%.

AU: Free Money Circulation Soars Practically 150%, Pronounces 16% Dividend Enhance

Subsequent up is AngloGold Ashanti NYSE: AU. The agency is on the opposite facet of the equation in comparison with Pan American Silver, producing primarily all of its earnings from gold. In 2025, this inventory has been capable of obtain a large complete return of 141%. In Q2, the corporate noticed its gold manufacturing rise to 804,000 ounces, 21% from the prior 12 months. Monitoring the large surge in gold, the corporate’s common gold worth spiked 41% to $3,287.