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Pan American Silver Corp.

Pan American Silver Corp.

PAAS.BA
Pan American Silver Corp.AR flagBuenos Aires Stock Exchange
22,990.00
ARS
-640.00
- -
27.59TMarket Cap
Pan American Silver Corp.
PAAS.BA
(Buenos Aires Stock Exchange)

Recent

price

22,990.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.04
8.04
6.59
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
10.1
Revenue per Share
0.13
3.31
0.56
-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
3.2
Basic EPS, GAAP
1.54
2.26
0.24
-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
3.31
Free Cash Flow per Basic Share
0.08
0.1
0.18
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
0.54
Dividend per Share
0.47
14.87
19.08
14.27
10.17
8.41
9.03
9.75
9.69
11.76
11.94
12.07
10
14.38
12.77
18.18
18.4
Book Value per Share
12.62
15.05
17.88
14.4
10.34
8.54
9.18
9.92
9.85
12.23
12.39
12.52
10.44
14.62
12.98
18.35
18.56
Tangible Book Value per Share
107
106
141
152
152
152
152
153
153
201
210
210
211
327
363
381
396
Basic Weighted Avg Shares
647
855
929
825
752
675
775
817
784
1,351
1,339
1,633
1,495
2,316
2,819
3,619
4,000
Sales/Revenue/Turnover
30.12
43.84
26.79
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
37.3
Operating Margin (%)
83
83
104
136
148
151
116
123
147
253
272
303
316
484
571
497
491
Depreciation Expense
14
352
78
-446
-546
-227
100
121
10
111
178
97
-342
-104
112
978
1,266
Net Income, GAAP
85.17
24.85
54.95
- -
- -
- -
42.23
32.35
63.72
39.05
29.98
59.77
- -
- -
73.84
20.84
23.93
Effective Tax Rate (%)
2.12
41.21
8.42
-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
31.66
Profit Margin (%)
430
566
764
689
523
392
429
411
398
517
495
613
424
766
1,033
1,379
1,649
Working Capital
5
11
66
40
4
38
40
2
1
302
21
32
200
749
756
794
790
LT Debt
1,350
1,602
2,718
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
7,355
Total Equity
2.08
18.17
4.92
- -
- -
- -
6.54
5.18
1.33
4.09
4.66
4.12
- -
- -
1.62
13.16
16
Return on Invested Capital (%)
13.36
42.15
3.58
- -
- -
- -
7.23
8.1
0.57
5.76
7.1
3.81
- -
- -
2.25
15.39
19.22
Return on Capital (%)
19.87
43.18
3.66
-18.39
-29.47
-16.1
7.56
8.44
0.69
5.75
7.29
3.86
-14.72
-3.05
2.4
16.9
21.03
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
60
58
55
LT Borrowings
707
709
712
LT Finance Leases
- -
- -
78
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
422
422
421
Market Capitalization
5,272
7,041
7,677

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,773
2,196
2,545
Cash, Cash Equivalents & STI
911
1,319
1,614
Accounts Receivable, Net
207
232
212
Inventories
587
588
650
Total Current Liabilities
766
817
896
Payables & Accruals
640
713
788
ST Debt
60
58
55
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -
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Business
Pan American Silver Corp. (PAAS.BA) engages in the exploration, development, extraction, processing, refining, and reclamation of silver and gold mines across the Americas, producing silver, gold, zinc, lead, and copper as primary outputs from its diversified portfolio of operating mines including La Colorada and Dolores in Mexico; Huaron and Morococha in Peru; Shahuindo and La Arena in Peru; Timmins West and Bell Creek in Canada; Manantial Espejo in Argentina; and San Vicente in Bolivia, alongside a 44% joint venture interest in the high-grade Juanicipio silver mine in Mexico operated by Fresnillo plc, and interests in exploration projects such as Larder, Deer Trail, and the non-operating Escobal mine in Guatemala. Founded in 1994 and headquartered in Vancouver, British Columbia, Canada, the company serves industrial, commercial, and investment markets in sectors like electronics, solar power, jewelry, and precious metals trading, with operations spanning Canada, Mexico, Peru, Bolivia, Argentina, Chile, Brazil, and Guatemala. In a major strategic development, Pan American completed its $2.1 billion acquisition of MAG Silver Corp. in September 2025, adding the Juanicipio interest for enhanced silver production and reserves, alongside full ownership of the Larder project and an earn-in option on Deer Trail, significantly bolstering its position as one of the world's leading primary silver producers with improved cash flow and long-term growth potential. Recent operational advancements include new ventilation infrastructure at La Colorada mine boosting silver output and cost efficiencies, full commissioning of a dry-stack tailings facility at Huaron in late 2024, and optimization studies at Jacobina mine.