Pan American Silver Corp.

Pan American Silver Corp.

PAAS
Pan American Silver Corp.US flagNew York Stock Exchange
53.38
USD
+0.79
- -
22.49BMarket Cap
Pan American Silver Corp.
PAAS
(New York Stock Exchange)

Recent

price

53.38

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
14,243
19,756
21,643

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
- -
- -
- -
- -
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

APIChat
  • Pan American Silver highlights multi-asset growth strategy at Investor Day, Jefferies stays on the sidelines

  • Pan American Silver highlights multi-asset growth strategy at Investor Day, Jefferies stays on the sidelines

  • These Breakouts Are Coming

  • PAAS Strengthens Timmins Operations With Resource Discoveries

  • Pan American Silver: A Solid Investment To Benefit From The Silver Bull Market

  • Pan American Silver Provides Exploration Update for its Timmins Operations; Advances Plans for Potential Production Growth and Mine Life Extension

  • Singapore Launches a US Dollar Silver Futures Contract This Month To Add To COMEX Woes and Reduce Artificial Pricing

  • Pan American Silver Releases 2025 Sustainability Report

  • Pan American Silver to Host Investor Day on June 1, 2026

  • Is Pan American Silver Corp (PAAS) Overvalued After 5.3% Rally? GF Value Says Overvalued

  • Fredonia Expands El Dorado–Monserrat District to ~33,500 Hectares, Consolidating a Continuous Gold-Silver Corridor Adjacent to Cerro Vanguardia

  • Pan American Silver Corp. (PAAS:CA) Q1 2026 Earnings Call Transcript

  • Here's What Key Metrics Tell Us About Pan American Silver (PAAS) Q1 Earnings

  • Pan American Silver (PAAS) Q1 Earnings Surpass Estimates

  • Pan American Silver Reports First Quarter 2026 Financial Results; Strong Mine Operating Earnings Lead to Record Cash Balance and an Enhanced Shareholder Return Framework

  • Pan American Silver Targets Up to $1 Billion in Shareholder Returns in 2026 Through Enhanced Shareholder Return Framework

  • Pan American Silver Announces Results of Annual General and Special Meeting

  • 2 Silver Mining Stocks to Watch Amid Industry Challenges

  • How to Play Pan American Silver Stock Ahead of Q1 Earnings Release?

  • Global X Silver ETF Outperforms Sprott Gold ETF in 1 Year Return