Pan American Silver Corp (PAAS) Financings
TSX: PAAS · Silver, Gold · Production stage
- Market cap$23.36B
- Share price$56.45
- 52-week range$46.60 – $95.39
- Shares outstanding413,803,536
- ExchangeTSX
- Websitewww.panamericansilver.com
Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol 'PAAS.'
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Pan American Silver Corp financial statements
Key figures read from 39 of 39 financial statement filings, Nov 14, 2016 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 millions | Dec 2024 millions | Dec 2023 millions | Dec 2022 thousands | Dec 2021 thousands | |
|---|---|---|---|---|---|
| Cash and equivalents | US$1,215 | US$862.8 | US$399.6 | US$107,005 | US$283,550 |
| Short-term investments | — | — | — | US$35,337 | US$51,723 |
| Total current assets | US$2,196* | US$1,720.4* | US$1,390.0* | US$804,380* | US$1,001,169* |
| Total current liabilities | US$817 | US$687.0 | US$624.2 | US$380,840 | US$387,675 |
| Working capital | US$1,379 | US$1,033.4 | US$765.8 | US$423,540 | US$613,494 |
| Exploration and evaluation assets | US$5,338 | US$5,325.1 | US$5,675.1 | US$2,226,354 | US$2,344,551 |
| Total assets | US$9,742 | US$7,202.7 | US$7,213.1 | US$3,248,498 | US$3,518,584 |
| Debt | US$714 | US$708.8 | US$703.7 | US$193,722 | US$15,300 |
| Total liabilities | US$2,741 | US$2,486.1 | US$2,440.6 | US$1,046,880 | US$882,576 |
| Shareholders' equity | US$6,997 | US$4,703.5 | US$4,760.7 | US$2,195,479 | US$2,631,554 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 millions | FY Dec 2024 millions | FY Dec 2023 millions | FY Dec 2022 thousands | FY Dec 2021 thousands | |
|---|---|---|---|---|---|
| Revenue | US$3,619 | US$2,818.9 | US$2,316.1 | US$1,494,718 | US$1,632,750 |
| Cost of sales | (US$1,604) | (US$1,633.8) | (US$1,479.2) | (US$1,094,431) | (US$925,479) |
| Exploration and evaluation expense | (US$16) | (US$10.1) | (US$14.6) | (US$18,335) | (US$11,071) |
| General and administrative | (US$116) | (US$69.8) | (US$61.4) | (US$28,975) | (US$34,852) |
| Impairments and write-downs | — | US$0.0 | (US$78.6) | (US$99,064) | — |
| Net income (loss) | US$980 | US$112.7 | (US$104.9) | (US$340,063) | US$98,562 |
Cash flow statement: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 millions | FY Dec 2024 millions | FY Dec 2023 millions | FY Dec 2022 thousands | FY Dec 2021 thousands | |
|---|---|---|---|---|---|
| Operating cash flow | US$1,333 | US$724.1* | US$450.2* | US$31,909* | US$392,108* |
| Investing cash flow | (US$706) | (US$32.6)* | US$397.9* | (US$255,404)* | (US$186,662)* |
| Financing cash flow | (US$278) | (US$225.2)* | (US$551.8)* | US$52,971* | (US$85,910)* |
| Exploration spending (capitalized) | (US$319) | (US$327.1) | (US$382.8) | (US$283,401) | (US$289,276) |
| Proceeds from share issues | US$3 | US$1.4 | US$0.0 | US$940 | US$619 |
| Change in cash | US$352 | US$463.2 | US$292.6 | (US$176,545) | US$116,437 |
| Cash at end of period | US$1,215 | US$862.8 | US$399.6 | US$107,005 | US$283,550 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Pan American Silver Corp financings
1 financing announced or closed by Pan American Silver Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-05 | Pan American Silver Corp (PAAS) | Private placement, non-brokered | Closed, 1 tranche | $8.0M | $0.600 | Pan American Silver: Early Warning |
Pan American Silver Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Pan American Silver Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2023-05-05 | Notes / bonds, closed / funded | — | — | 4.625%, matures 2027 |
| 2015-04-15 | Credit facility, signed | — | US$300M | matures 2019-04-15 |