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NYSE · GOLD AND SILVER ORES

PAN American Silver Corp. PAAS

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.6B
▲ 28.4% YoY
$980.0M
▲ 767.3% YoY
$1.0B
▲ 154.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Pan American produces silver and gold doré and silver-bearing zinc, lead, copper and silver concentrates as its principal products and sources of sales. Pursuant to NI 43-101, it has identified the La Colorada property, the Juanicipio mine, the Jacobina mine and the El Peñon mine as material properties and projects as at December 31, 2025. At the end of 2025, it had approximately 9,348 employees and about 7,716 contractors. It also owns other producing mines, including the Minera Florida mine in Chile, the Shahuindo and Huaron mines in Peru, the San Vicente mine in Bolivia, the Bell Creek and Timmins West mines in Canada, the Cerro Moro mine in Argentina, and the Dolores mine in Mexico.

Written from the business description in PAN AMERICAN SILVER CORP's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.6B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.6 · Net income 1.0
2B3B
2016201920222025
Compound annual growth
+34.3%
+22.0%
+40.9%
+32.6%
+36.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.0% a year over the five years to FY2025 — but profit grew faster: net income at +40.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

27 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 34.1% · Net 27.1%
10%20%30%-10%-20%
201620202025
ROE
FY2025 · ROE 16.8%
5%10%15%-5%-10%
201620202025
Three returns, three denominators.

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders

USD 221.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.0
0.5B1.0B-0.1B-0.2B
201620202025
Net buybacks $M Dividends $M
FY2025 · Dividends 175.0 · Net buybacks 46.0
100M200MDividendsNet buybacks
2016201720182019202020212022202320242025

USD 175.0M in dividends and USD 46.0M in buybacks — 23% of the year's profit went back to shareholders.

Total assetsUSD 9.7B
EquityUSD 7.0B
CashUSD 1.2B
Gross debtUSD 714.0M
Net debtUSD -501.0M
Current ratio2.69×

The company holds more cash than debt.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
PAAS, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B3.62.82.31.51.61.31.40.80.80.8
Operating income $B1.20.50.0−0.30.30.20.10.00.20.2
EBITDA $B1.71.10.50.10.60.50.40.20.30.3
Income tax $B0.30.30.00.00.10.10.10.00.10.1
Net income $B1.00.1−0.1−0.30.10.20.10.00.10.1
Free cash flow $B1.00.40.1−0.20.10.30.10.00.10.0
EPS, diluted $2.560.31−0.32−1.620.460.850.550.070.790.66
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout %18128−124−28732626177127
ROE %16.82.4−3.0−14.13.87.05.60.88.57.3

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityGold and Silver Ores
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2016

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