NYSE · Basic materials

Pan American Silver Corp (PAAS)

Pan American Silver Corp reported revenue of $3.6B in fiscal 2025, up 28.4% from a year earlier. Net income was $980M, a net margin of 27.1%. Operating cash flow minus capital spending left $1B of free cash flow in fiscal 2025. At December 31, 2025 it held $1.2B in cash against $714M of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on February 18, 2026.

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Price

$45.77

-4.73% on the day · September 28, 2026

52-week range $33.08 to $69.99

Market cap

$19B

Revenue (FY2025)

$3.6B

+28.4% year on year

Net margin

27.1%

What Pan American Silver Corp does

Pan American Silver Corp is registered with the SEC under industry code SIC 1040 (Gold and Silver Ores). Its shares trade on NYSE under the ticker PAAS.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	$3.6B	$1.2B	$980M	$2.56	$1B
2024	$2.8B	$531M	$113M	$0.31	$401M
2023	$2.3B	$38.1M	-$104.9M	-$0.32	$71.2M
2022	$1.5B	-$262.3M	-$340.1M	-$1.62	-$242.9M
2021	$1.6B	$320.9M	$98.6M	$0.46	$148.6M
2020	$1.3B	$210M	$176.5M	$0.85	$283.8M

Full financial statements: income, balance sheet and cash flow

Where PAAS ranks in Basic materials

Revenue$3.6B

#18 of 99 in Basic materials · Top 17%

Revenue growth+28.4%

#34 of 87 in Basic materials · Top 38%

Net margin27.1%

#20 of 87 in Basic materials · Top 22%

Free cash flow margin28.2%

#13 of 72 in Basic materials · Top 17%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Basic materials

Dividends

It paid out $175M in cash dividends, 18% of its net income.

Fiscal year	Per share	Paid out	Of profit
2025	n/a	$175M	18%
2024	n/a	$145M	128%
2023	n/a	$130.4M	n/a
2022	n/a	$94.7M	n/a
2021	n/a	$71.5M	73%
2020	n/a	$46.2M	26%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Pan American Silver Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

September 17, 2026
Foreign issuer update 6-K
August 13, 2026
Foreign issuer update 6-K
July 9, 2026
Conflict minerals disclosure SD
July 9, 2026
Foreign issuer update 6-K
June 1, 2026
Foreign issuer update 6-K
May 28, 2026
Foreign issuer update 6-K
May 15, 2026
Passive stake changed SCHEDULE 13G/A
May 13, 2026
Foreign issuer update 6-K
May 7, 2026
Foreign issuer update 6-K
May 6, 2026
Foreign issuer update 6-K

Insider trades

What the people running Pan American Silver Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)

last 90 days

Sold

last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns PAAS

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
Van Eck Associates Corporation 666 Third Ave. - 9th Floor, New York, New York 1001713G, passive	11.03%	40,048,884	November 14, 2024
Van Eck Associates Corp13G, passive	5.08%	21,402,358	May 15, 2026

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about PAAS

What does Pan American Silver Corp do?

Pan American Silver Corp is registered with the SEC under industry code SIC 1040 (Gold and Silver Ores). Its shares trade on NYSE under the ticker PAAS.

Is Pan American Silver Corp profitable?

Yes. In fiscal 2025 it reported net income of $980M on revenue of $3.6B, a net margin of 27.1%.

How much revenue does Pan American Silver Corp make?

In fiscal 2025 Pan American Silver Corp reported revenue of $3.6B. That is 28.4% more than a year earlier.

When did Pan American Silver Corp last report?

Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on February 18, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 17, 2026.

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Where the numbers come from

Financial figures are the values Pan American Silver Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.