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Pan American Silver Corp

Company price
56.73 CAD -1.33 ( 2.29%)
Last update at 2026-11-05T20:43:00Z
VOLUME
828937
Market Cap
32053.51M
P/E
21.67

Momentum Score

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Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala. The Silver segment includes the La Colorada, Juanicipio, Cerro Moro, Huaron, and San Vicente mines. The Gold segment comprises the Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores mines. It explores silver, gold, zinc, lead, and copper deposits. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

Source: TradingView
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Day Price Range
54.58
Low
60.16
High
52 Week Price Range
30.38
Low
95.14
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Pan American Silver is a Canada-based precious-metals producer operating a portfolio of silver-focused mines and development projects across the Americas with material gold and base-metals by-products. Long-term growth drivers include exploration-led reserve replacement, project development and operational improvements, and potential support from industrial and monetary demand for silver, which may appeal to investors seeking direct silver exposure in a geographically diversified miner.

Key risks are volatile metal prices, political and permitting exposure in Latin America, operational execution challenges and capital- and currency-related pressures.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
58.06
Dividend Yield
0.57%
Revenue TTM
3619.00M
Revenue Per Share
9.49
Gross Profit TTM
1877.00M
Debt / Equity
0.13
ROE
16.73%
Net Debt
-277.49M
ROCE
13.34%
Diluted EPS TTM
3.51

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1259.67M 431.70M -58.80M -300.94M 244.99M
Minority interest -2.00M -1.20M 1.20M -1.69M -1.13M
Net income 995.12M 111.50M -103.70M -340.06M 97.43M
Selling general administrative 146.00M 69.80M 61.40M 28.98M 34.85M
Gross profit 1386.86M 548.50M 214.60M 48.36M 367.94M
Reconciled depreciation 497.00M 571.70M 484.20M 316.04M 302.96M
Ebit 1188.45M 479.30M -7.40M -20.52M 320.91M
Ebitda 1720.60M 1051.00M 476.80M 295.51M 585.04M
Depreciation and amortization 532.16M 571.70M 484.20M 316.04M 264.13M
Operating income 1188.45M 530.70M 38.10M -20.52M 320.91M
Other operating expenses 2493.91M 2288.20M 2278.00M 1557.96M 1349.95M
Interest expense 59.02M 50.84M 58.25M 5.31M 3.66M
Tax provision 258.00M 319.00M 46.10M 39.12M 146.43M
Interest income 34.00M 61.90M 56.90M 21.53M 63.38M
Net interest income -58.00M -53.40M -57.20M -7.62M -8.73M
Income tax expense 262.52M 319.00M 46.10M 39.12M 146.43M
Total revenue 3682.35M 2818.90M 2316.10M 1494.72M 1632.75M
Total operating expenses 198.41M 17.80M 176.50M 111.61M 85.14M
Cost of revenue 2295.49M 2270.40M 2101.50M 1446.36M 1264.81M
Total other income expense net 71.23M -99.00M -96.90M -280.42M -75.92M
Net income from continuing ops 980.00M 112.70M -104.90M -340.06M 98.56M
Net income applicable to common shares 978.00M 111.50M -103.70M -341.75M 97.43M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 9724.27M 7202.70M 7213.10M 3248.50M 3518.58M
Other current assets 32.94M - 36.60M 10.89M 13.01M
Total liab 2736.01M 2486.10M 2440.60M 1046.88M 882.58M
Total stockholder equity 6984.27M 4703.50M 4760.70M 2195.48M 2631.55M
Other current liab 443.19M 12.80M 0.10M 264.71M 296.15M
Common stock 7434.45M - 5966.50M 3139.99M 3136.21M
Capital stock 7448.00M 5939.70M 5966.50M 3139.99M 3136.21M
Retained earnings -512.07M -1299.50M -1269.50M -1034.78M -598.03M
Other liab - - - 445.74M 442.31M
Good will - - - 2.77M 2.77M
Other assets 207.00M - - 82.18M 91.43M
Cash 1212.79M 862.80M 399.60M 107.00M 283.55M
Cash and equivalents 1215.00M - - 107.00M 283.55M
Total current liabilities 815.51M 687.00M 624.20M 380.84M 387.68M
Current deferred revenue - - 373.50M - -
Net debt -277.49M - 402.00M 119.83M -237.69M
Short term debt 57.89M - 52.40M 27.32M 14.06M
Short long term debt 5.00M 6.80M 6.70M - -
Short long term debt total 935.29M - 801.60M 226.84M 45.86M
Other stockholder equity - - 94.00M 93.27M 93.38M
Property plant equipment 5338.00M - - 2226.35M 2344.55M
Total current assets 2192.00M 1720.40M 1390.00M 804.38M 1001.17M
Long term investments 1948.00M - 0.00M 123.26M 78.66M
Net tangible assets - - - 2192.70M 2628.78M
Short term investments 103.81M 24.50M 41.30M 35.34M 51.72M
Net receivables 255.53M 165.20M 200.90M 176.63M 148.43M
Long term debt 709.00M 702.00M 697.00M 180.01M 11.90M
Inventory 586.93M 605.70M 711.60M 471.63M 500.46M
Accounts payable 314.43M 194.40M 198.20M 88.81M 77.46M
Accumulated other comprehensive income 61.89M - -30.30M -3.01M -
Non currrent assets other 154.72M 78.60M 67.60M 35.85M 35.48M
Non current assets total 7532.27M 5482.40M 5823.10M 2444.12M 2517.41M
Capital lease obligations 138.00M 94.50M 97.90M 33.11M 30.56M
Long term debt total 794.00M - - 199.52M 31.80M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -19.00M -32.60M 400.30M -255.40M 1.86M
Change to liabilities - - - 20.71M 18.09M
Total cashflows from investing activities -763.13M -32.60M 397.90M -255.40M -186.66M
Net borrowings -59.00M - - 147.03M -14.10M
Total cash from financing activities -282.87M -225.20M -551.80M 52.97M -85.91M
Change to operating activities - - - -0.02M -3.40M
Net income 995.12M 112.70M -104.90M -340.06M 98.56M
Change in cash 309.18M 463.20M 292.60M -176.54M 116.44M
Begin period cash flow 903.61M 399.60M 107.00M 283.55M 167.11M
End period cash flow 1212.79M 862.80M 399.60M 107.00M 283.55M
Total cash from operating activities 1401.11M 724.10M 450.20M 31.91M 392.11M
Issuance of capital stock 3.00M 1.40M 0.14M 0.94M 0.62M
Depreciation 532.16M 571.70M 484.20M 316.04M 302.96M
Other cashflows from investing activities 12.21M 290.70M 776.90M 19.28M 9.16M
Dividends paid 178.06M 145.40M 130.40M 94.70M 71.50M
Change to inventory -10.18M -67.80M 38.50M -50.03M -82.89M
Change to account receivables -83.44M - 45.90M -12.69M -2.87M
Sale purchase of stock -46.81M -22.90M 0.00M 0.94M 0.62M
Other cashflows from financing activities -53.93M 0.10M 11.10M -0.30M -0.93M
Change to netincome - - - -14.25M 55.32M
Capital expenditures 319.50M 323.30M 379.00M 274.69M 243.48M
Change in working capital -29.51M -315.00M 68.90M -42.04M -71.07M
Stock based compensation 2.00M 0.40M 5.50M 3.90M 5.13M
Other non cash items 24.42M 99.50M -49.60M 54.92M -89.90M
Free cash flow 1081.61M 400.80M 71.20M -242.78M 148.63M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
PAAS
Pan American Silver Corp
-1.33
2.29%
56.73 21.67 12.29 8.86 3.34 6.36 12.86
AEM
Agnico Eagle Mines Limited
8.04
3.14%
264.35 24.22 15.85 11.68 4.34 8.85 12.58
ABX
Barrick Gold Corp
0.36
0.64%
56.43 14.39 10.63 5.80 2.63 4.04 6.19
WPM
Wheaton Precious Metals Corp
1.18
0.64%
184.91 43.69 24.75 38.06 7.39 27.40 31.65
FNV
Franco-Nevada Corporation
12.52
3.70%
350.99 42.91 30.30 36.18 6.45 26.79 28.34

Profile*

Pan American Silver Corp

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala. The Silver segment includes the La Colorada, Juanicipio, Cerro Moro, Huaron, and San Vicente mines. The Gold segment comprises the Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores mines. It explores silver, gold, zinc, lead, and copper deposits. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

733 Seymour Street, Vancouver, BC, Canada, V6B 0S6

604 684 1175

9348

Name Title Year Born
Mr. Michael Steinmann P.GEO, P.Geo., Ph.D. Pres, CEO & Director 1966
Mr. Steven Luis Busby Chief Operating Officer 1960
Mr. Christopher Lemon Gen. Counsel NA
Mr. Andres Dasso Sr. VP of Mining Operations NA
Mr. Ignacio Couturier Chief Financial Officer NA
Mr. Martin G. Wafforn P.Eng. Sr. VP of Technical Services & Process Optimization 1959
Mr. George Greer Sr. VP of Project Devel. NA
Mr. Sean McAleer Sr. VP & MD of Guatemala NA
Mr. Cameron Paterson Sr. VP of Fin. & IT NA
Mr. Brent G. J. Bergeron Sr. VP of Corp. Affairs & Sustainability NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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