# PAN American Silver Corp: overview

PAAS · NYSE · CIK 771992 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/paas.md) · [Financials](/companies/paas/financials.md) · [Filings](/companies/paas/filings.md) · [Insiders](/companies/paas/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,633](/filings/0000771992-23-000021.md) | [1,495](/filings/0000771992-24-000031.md) | [2,316](/filings/0000771992-25-000015.md) | [2,819](/filings/0000771992-26-000019.md) | [3,619](/filings/0000771992-26-000019.md) |
| Gross margin | % | [22.5%](/filings/0000771992-23-000021.md) | [3.2%](/filings/0000771992-24-000031.md) | [12.8%](/filings/0000771992-25-000015.md) | [19.5%](/filings/0000771992-26-000019.md) | [38.8%](/filings/0000771992-26-000019.md) |
| Operating margin | % | [19.7%](/filings/0000771992-23-000021.md) | [(17.5%)](/filings/0000771992-24-000031.md) | [1.6%](/filings/0000771992-25-000015.md) | [18.8%](/filings/0000771992-26-000019.md) | [34.1%](/filings/0000771992-26-000019.md) |
| Net margin | % | [6.0%](/filings/0000771992-23-000021.md) | [(22.8%)](/filings/0000771992-24-000031.md) | [(4.5%)](/filings/0000771992-25-000015.md) | [4.0%](/filings/0000771992-26-000019.md) | [27.1%](/filings/0000771992-26-000019.md) |
| Diluted EPS | $ per share | [0.46](/filings/0000771992-23-000021.md) | [(1.62)](/filings/0000771992-24-000031.md) | [(0.32)](/filings/0000771992-25-000015.md) | [0.31](/filings/0000771992-26-000019.md) | [2.56](/filings/0000771992-26-000019.md) |
| Free cash flow | $m | [149](/filings/0000771992-23-000021.md) | [(243)](/filings/0000771992-24-000031.md) | [71.2](/filings/0000771992-25-000015.md) | [401](/filings/0000771992-26-000019.md) | [1,019](/filings/0000771992-26-000019.md) |

- Revenue. XBRL Revenue: ifrs-full:Revenue.
- Gross margin (gross profit / revenue). XBRL Gross profit: ifrs-full:GrossProfit; Revenue: ifrs-full:Revenue.
- Operating margin (operating income / revenue). XBRL Operating income: ifrs-full:ProfitLossFromOperatingActivities; Revenue: ifrs-full:Revenue.
- Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLoss; Revenue: ifrs-full:Revenue.
- Diluted EPS. XBRL Diluted EPS: ifrs-full:DilutedEarningsLossPerShare.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities; Capital expenditure: ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/paas/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VAN ECK ASSOCIATES CORP](/funds/869178.md) | 2026-06-30 | $854.0m | 19,066,671 |  | Reduced −2,460,257 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $698.2m | 15,588,063 |  | Added +228,921 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $516.6m | 11,523,430 |  | Added +84,365 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $375.9m | 8,393,564 |  | Reduced −393,001 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $279.3m | 6,236,775 |  | Added +538,602 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $250.0m | 5,581,737 |  | New +5,581,737 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $230.0m | 4,929,728 |  | Added +523,600 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $214.6m | 4,792,214 |  | Added +1,711,991 |
| [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $188.3m | 4,205,059 |  | Added +1,512,978 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $170.9m | 3,816,589 |  | Added +215,895 |

## Recent filings

[All 661 filings](/companies/paas/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-07 | 17:22 ET | [6-K](/filings/0000771992-26-000071.md) | Report of a foreign private issuer, period 2026-10-07 | 0000771992-26-000071 |
| 2026-10-07 | 17:18 ET | [6-K](/filings/0000771992-26-000069.md) | Report of a foreign private issuer, period 2026-10-07 | 0000771992-26-000069 |
| 2026-09-17 | 17:33 ET | [6-K](/filings/0000771992-26-000065.md) | Report of a foreign private issuer, period 2026-09-16 | 0000771992-26-000065 |
| 2026-08-13 | 17:38 ET | [6-K](/filings/0000771992-26-000063.md) | Report of a foreign private issuer, period 2026-06-30 | 0000771992-26-000063 |
| 2026-07-09 | 17:20 ET | [6-K](/filings/0000771992-26-000059.md) | Report of a foreign private issuer, period 2026-07-09 | 0000771992-26-000059 |
| 2026-06-01 | 10:59 ET | [6-K](/filings/0000771992-26-000054.md) | Report of a foreign private issuer, period 2026-06-01 | 0000771992-26-000054 |
| 2026-05-28 | 17:45 ET | [6-K](/filings/0000771992-26-000051.md) | Report of a foreign private issuer, period 2025-12-31 | 0000771992-26-000051 |
| 2026-05-13 | 12:06 ET | [6-K](/filings/0000771992-26-000049.md) | Report of a foreign private issuer, period 2026-05-12 | 0000771992-26-000049 |
| 2026-05-07 | 20:06 ET | [6-K](/filings/0000771992-26-000047.md) | Report of a foreign private issuer, period 2026-03-24 | 0000771992-26-000047 |
| 2026-05-06 | 17:58 ET | [6-K](/filings/0000771992-26-000043.md) | Report of a foreign private issuer, period 2026-05-05 | 0000771992-26-000043 |

## Latest annual report

[Form 40-F for the fiscal year ended Dec 31, 2025](/filings/0000771992-26-000019.md), filed Feb 18, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 771992
- Tickers: PAAS, PAASF
- Exchange: NYSE
- SIC code: 1040 Gold and Silver Ores
- State of incorporation: not reported
- Filer category: not reported

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 17:27 ET. No prices; not investment advice.
