Pan American Silver Corp.

Pan American Silver Corp.

PAAS
Pan American Silver Corp.US flagNew York Stock Exchange
44.43
USD
+0.22
- -
18.42BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.44
4.96
4.45
5.09
5.34
5.12
6.71
6.37
7.76
7.1
7.09
7.76
9.49
10.5
Basic EPS, GAAP
-2.94
-3.6
-1.49
0.66
0.79
0.07
0.55
0.85
0.46
-1.62
-0.32
0.31
2.56
3.36
Free Cash Flow per Basic Share
-0.26
-0.05
-0.38
0.08
0.41
0.02
0.37
1.35
0.71
-1.15
0.22
1.1
2.67
3.17
Dividend per Share
0.5
0.5
0.27
0.05
0.1
0.14
0.15
0.22
0.34
0.45
0.4
0.4
0.46
0.62
Book Value per Share
14.4
10.31
8.54
9.17
9.89
9.83
11.74
12.38
12.5
10.42
13.06
12.96
16.59
17.64
Tangible Book Value per Share
14.36
10.29
8.52
9.15
9.87
9.81
11.71
12.36
12.49
10.41
13.06
12.96
16.59
17.64
Basic Weighted Avg Shares
152
152
152
152
153
153
201
210
210
211
327
363
381
411
Sales/Revenue/Turnover
825
752
675
775
817
784
1,351
1,339
1,633
1,495
2,316
2,819
3,619
4,312
Operating Margin (%)
12.58
-3.67
-10.38
20.79
14.22
7.26
10.91
13.83
17.25
-4.44
3.57
12.42
31.45
39.21
Depreciation Expense
136
148
151
116
123
147
253
272
303
316
484
571
497
488
Net Income, GAAP
-446
-546
-227
100
121
10
111
178
97
-342
-104
112
978
1,381
Effective Tax Rate (%)
- -
- -
- -
42.23
32.35
63.72
39.05
29.98
59.77
- -
- -
73.84
20.84
27.82
Profit Margin (%)
-54.08
-72.56
-33.59
12.92
14.81
1.31
8.2
13.29
5.97
-22.86
-4.48
3.97
27.02
32.03
Working Capital
689
523
392
429
411
398
517
495
613
424
766
1,033
1,379
1,755
LT Debt
40
4
38
40
2
1
302
21
32
200
749
756
794
788
Total Equity
2,189
1,570
1,299
1,399
1,521
1,513
2,468
2,606
2,636
2,202
4,772
4,717
7,001
7,360
Return on Invested Capital (%)
- -
- -
- -
6.54
5.18
1.33
4.09
4.66
4.12
- -
- -
1.62
13.16
17.04
Return on Capital (%)
- -
- -
- -
7.11
7.97
0.56
5.6
6.85
3.67
- -
- -
2.23
15.25
20.52
Return on Common Equity (%)
-18.23
-29.13
-15.85
7.43
8.31
0.68
5.58
7.02
3.72
-14.16
-2.98
2.37
16.72
22.43

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
58
55
53
LT Borrowings
709
712
714
LT Finance Leases
85
78
74
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
422
421
417
Market Capitalization
21,856
23,022
18,681

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,196
2,545
2,661
Cash, Cash Equivalents & STI
1,319
1,614
1,705
Accounts Receivable, Net
232
212
222
Inventories
588
650
644
Total Current Liabilities
817
896
906
Payables & Accruals
713
788
787
ST Debt
58
55
53
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.33%
29.74%
48.42%
Free Cash Flow
293.83%
35.39%
154.11%
Net Income, GAAP
82.12%
-0.08%
773.21%
Sales/Revenue/Turnover
20.61%
23.71%
28.38%
Total Cash Common Dividend
31.07%
31.34%
20.69%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
601
686
716
815
2,819
2025
773
812
855
1,179
3,619
2026
1,154
1,124
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.06
0.16
- -
0.31
2025
0.47
0.52
0.45
1.07
2.56
2026
1.08
0.72
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.1
0.1
- -
0.4
2025
0.1
0.1
0.11
0.14
0.46
2026
0.18
0.18
- -
- -
- -

Company Description

CEO
Michael Steinmann
Full Time Employees
9,348
Sector
Basic Materials
Industry
Gold
Address
733 Seymour Street Vancouver BC Canada V6B 0S6
IPO Date
Jun 12, 1995
Business
Pan American Silver Corp. (NYSE: PAAS; TSX: PAAS) produces silver and gold from mines across the Americas, with principal products including silver bullion, gold bullion, zinc concentrate, lead concentrate and copper concentrate; the company operates the La Colorada, Dolores, Cerro Moro, Huaron, San Vicente, Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida and Manantial Espejo mines, as well as a 44% joint venture interest in the high-grade Juanicipio silver mine in Mexico operated by Fresnillo plc, and holds a 100% interest in the non-operating Escobal mine in Guatemala. Founded in 1994 and headquartered in Vancouver, British Columbia, Canada, Pan American Silver engages in the exploration, development, extraction, processing, refining and reclamation of precious and base metals primarily in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. The company targets industrial users, investors, jewelry manufacturers and refiners with its high-purity silver and gold products, alongside base metal concentrates essential for galvanizing, batteries and electrical applications. In September 2025, Pan American Silver completed its $2.1 billion acquisition of MAG Silver Corp., adding the 44% interest in Juanicipio, 100% ownership of the Larder exploration project in Canada and an option to earn 100% of the Deer Trail project in Utah, significantly expanding silver reserves by 58 million ounces and enhancing production capacity. The company raised its quarterly dividend to $0.14 per share in November 2025 following record attributable free cash flow of $251.7 million in Q3 2025, and issued a 2025 year-end exploration update detailing 333,830 meters drilled across multiple assets including Jacobina, El Peñon, La Colorada and Huaron to support resource growth. Pan American also advances the La Colorada Skarn project with a potential two-phase development plan for higher-grade initial production and continues the ILO 169 consultation process for Escobal, while appointing Scott Campbell as Chief Operating Officer in October 2025.

Company News

  • 3 Silver Mining Stocks to Consider Amid Industry Woes

  • Pan American Silver Announces Director Retirement

  • Pan American Silver to Announce Third Quarter 2026 Unaudited Financial Results

  • Pan American Silver (PAAS) Laps the Stock Market: Here's Why

  • Can Pan American Silver's Timmins Operations Drive Growth?

  • Pan American Silver Targets La Colorada Growth While Boosting Shareholder Returns

  • Voestalpine (OTCMKTS:VLPNY) & Pan American Silver (NYSE:PAAS) Head-To-Head Review

  • Pan American Silver Corp. (PAAS:CA) Presents at Mining Forum Americas 2026 Transcript

  • Pan American Silver (PAAS) Suffers a Larger Drop Than the General Market: Key Insights

  • Can Pan American Silver's Solid Reserve Base Support Growth?

  • Pan American Silver (PAAS) Stock Falls Amid Market Uptick: What Investors Need to Know

  • By-Product Credits Can Push a Silver Mine's Cash Cost Below Zero

  • By-Product Credits Can Push a Silver Mine's Cash Cost Below Zero

  • Pan American Silver Reports Mineral Reserves and Mineral Resources as at June 30, 2026

  • Can Pan American Silver Sustain Its Solid Silver AISC in H2?

  • Pan American Silver Corp. $PAAS Shares Acquired by Amundi

  • Will La Colorada Mine Strengthen PAAS' Long-Term Growth?

  • These Gold Stocks Pay You While You Hedge

  • Can Pan American Silver Continue to See Solid Cash Flow Growth?

  • Bank of Nova Scotia Buys Shares of 546,867 Pan American Silver Corp. $PAAS