Pan American Silver Corp. PAASF
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $3.62B, +28.4% YoY · Filed Feb 18, 2026
Pan American Silver Corp. (PAAS) files with the SEC under industry code 1040, Gold and Silver Ores. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.6 billion and net income of $980.0 million. Free cash flow was $1.0 billion. As of Dec 31, 2025 it held $1.2 billion in cash and investments and $852.0 million in total debt.
Revenue
$3.62B
+28.4% vs prior year
Net income
$980.00M
+767.3% vs prior year
Operating cash flow
$1.33B
+84.1% vs prior year
Free cash flow
$1.02B
+154.1% vs prior year
EPS
$2.56
+725.8% vs prior year
Dividend per share
None
Shares outstanding
421.85M
+16.2% vs prior year
Net cash
$363.00M
FY 2025
Operating margin
34.1%
FY 2025
Company profile
- Industry
- Gold and Silver Ores (SIC 1040)
- Listed as
- PAAS (NYSE), PAASF (OTC)
- Fiscal year ends
- December 31
- Headquarters
- Vancouver, British Columbia, Canada
- SEC CIK
- 771992
Other Gold and Silver Ores companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.6B | $2.8B | $2.3B | $1.5B | $1.6B |
| Operating income | $1.2B | $531.0M | $38.1M | -$262.3M | $320.9M |
| Net income | $980.0M | $113.0M | -$104.9M | -$340.1M | $98.6M |
| Diluted EPS | $2.56 | $0.31 | -$0.32 | -$1.62 | $0.46 |
| Operating cash flow | $1.3B | $724.0M | $450.2M | $31.8M | $392.1M |
| Free cash flow | $1.0B | $401.0M | $71.2M | -$242.9M | $148.6M |
| Total assets | $9.7B | $7.2B | $7.2B | $3.2B | $3.5B |
| Total liabilities | $2.7B | $2.5B | $2.4B | $1.0B | $882.6M |
| Stockholders' equity | $7.0B | $4.7B | $4.8B | $2.2B | $2.6B |
| Cash and investments | $1.2B | $863.0M | $400.0M | $107.0M | $283.6M |
| Total debt | $852.0M | $804.0M | $801.6M | $213.1M | $42.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Nov 4, 2026 | Sep 30, 2026 |
| 6-K | Current report (foreign issuer) | Nov 4, 2026 | Nov 3, 2026 |
| 6-K | Current report (foreign issuer) | Oct 7, 2026 | Oct 7, 2026 |
| 6-K | Current report (foreign issuer) | Oct 7, 2026 | Oct 7, 2026 |
| 6-K | Current report (foreign issuer) | Sep 17, 2026 | Sep 16, 2026 |
| 6-K | Current report (foreign issuer) | Aug 13, 2026 | Jun 30, 2026 |
All 914 Pan American Silver Corp. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.