Pan American Silver Corp.

Pan American Silver Corp.

43.49
CHF
+2.07
(+5.00%)
2.71EPS
Nov 04Next Earn
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
5.43
4.95
4.44
5.08
5.33
5.11
6.69
6.36
7.75
7.09
7.08
7.74
9.47
10.48
Basic EPS, GAAP
-2.94
-3.59
-1.49
0.66
0.79
0.07
0.55
0.84
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
0.4
0.02
0.37
1.35
0.71
-1.15
0.22
1.1
2.67
3.16
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
14.38
10.29
8.52
9.15
9.88
9.81
11.72
12.35
12.48
10.4
13.03
12.93
16.55
17.61
Tangible Book Value per Share
14.33
10.27
8.5
9.13
9.86
9.79
11.69
12.34
12.47
10.39
13.03
12.93
16.55
17.61
Basic Weighted Avg Shares
152
152
152
152
153
154
202
211
211
211
327
364
382
412
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
4,773
4,717
7,001
7,360
Return on Invested Capital (%)
- -
- -
- -
7.5
8.41
1
3.53
5.28
4.7
- -
- -
2.46
14.26
19.15
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

USD

•

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
423
422
418
Market Capitalization
- -
- -
- -

Working Capital

USD

•

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

USD

•

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

USD

•

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

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.06
0.16
0.3
0.31
2025
0.47
0.52
0.44
1.07
2.56
2026
1.08
0.72
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
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
17,064
Sector
Non-energy minerals
Industry
Precious metals
Address
733 Seymour Street Vancouver BC Canada V6B 0S6
IPO Date
Oct 9, 1984
Business
Pan American Silver Corp engages in the exploration, mine development, extraction, processing, refining, and reclamation of precious metals primarily silver and gold, along with significant production of zinc, lead, and copper. The company operates a diversified portfolio of mines including La Colorada and Dolores in Mexico; Huaron, Morococha, and Shahuindo in Peru; San Vicente in Bolivia; Manantial Espejo in Argentina; and Timmins West and Bell Creek in Canada, with additional mines and projects in development across the Americas. Founded in 1994 and headquartered in Canada, Pan American Silver serves industrial and commercial markets for precious and base metals, supporting sectors such as electronics, solar power, and jewelry manufacturing. The company's core products include silver, gold, zinc, lead, and copper, with silver as the principal focus, producing over 21 million ounces annually and maintaining large proven and probable reserves exceeding 450 million ounces of silver as of mid-2025. Key assets comprise high-grade silver and gold mines, as well as exploration projects to expand its resource base. Recent major developments include the completion of Pan American Silver's acquisition of MAG Silver Corporation in 2025, which added a 44% joint venture interest in the high-grade Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo plc, alongside 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project. This strategic acquisition significantly enhances Pan American’s silver production capacity, reserve base, cash flow, and exploration pipeline. The company also completed operational upgrades and infrastructure improvements across key mines including La Colorada and Jacobina in 2024, resulting in record production levels and financial performance. Pan American entered 2025 with cash and short-term investments totaling approximately $887 million, positioning it strongly for continued growth and strategic initiatives. Pan American Silver operates across several countries in the Americas including Mexico, Peru, Bolivia, Argentina, Canada, and others, maintaining a reputation for sustainability, operational excellence, and prudent financial management. It remains a leading precious metals producer with a focus on silver and gold, supported by an expanding portfolio through both organic growth and strategic acquisitions.

Company News

  • Pan American Silver (PAAS) Stock Sinks As Market Gains: Here's Why

  • 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?