Pan American Silver Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,215	863	399.6	107	283.55
Short-Term Investments	104	24	41.3	35.3	51.72
Cash & Short-Term Investments	1,319	887	440.9	142.3	335.27
Cash Growth	48.70%	101.18%	209.84%	-57.56%	20.14%
Accounts Receivable	112	31	17.5	28.7	40.02
Other Receivables	136	157	173	138.7	96.52
Receivables	248	188	190.5	167.7	137.2
Inventory	588	606	711.6	471.6	500.46
Prepaid Expenses	29	32	29.7	11	13.01
Other Current Assets	12	7	17.3	11.8	15.22
Total Current Assets	2,196	1,720	1,390	804.4	1,001
Property, Plant & Equipment	5,338	5,325	5,675	2,226	2,345
Long-Term Investments	1,948	-	-	121.2	78.66
Goodwill	-	-	-	-	2.78
Long-Term Deferred Tax Assets	83	45	80.4	55.9	55.95
Other Long-Term Assets	177	113	67.6	40.6	35.48
Total Assets	9,742	7,203	7,213	3,249	3,519
Accounts Payable	187	194	198.2	88.8	77.46
Accrued Expenses	234	177	155.6	108	121.42
Current Portion of Long-Term Debt	5	7	6.7	13.7	3.4
Current Portion of Leases	53	41	45.7	13.6	10.66
Current Income Taxes Payable	164	102	32.1	25.8	59.13
Other Current Liabilities	174	166	185.9	130.9	115.6
Total Current Liabilities	817	687	624.2	380.8	387.68
Long-Term Debt	730	723	718.6	200.8	32.69
Long-Term Leases	85	54	52.2	19.5	19.9
Long-Term Unearned Revenue	13	13	13.1	13.9	12.52
Long-Term Deferred Tax Liabilities	435	522	541.6	140.3	184.79
Other Long-Term Liabilities	661	487	490.9	291.6	245.01
Total Liabilities	2,741	2,486	2,441	1,047	882.58
Common Stock	7,448	5,940	5,967	3,140	3,136
Retained Earnings	-513	-1,299	-1,270	-1,035	-598.04
Comprehensive Income & Other	62	63	63.7	90.3	93.38
Total Common Equity	6,997	4,704	4,761	2,196	2,632
Minority Interest	4	13	11.8	6.1	4.45
Shareholders' Equity	7,001	4,717	4,773	2,202	2,636
Total Liabilities & Equity	9,742	7,203	7,213	3,249	3,519
Total Debt	873	825	823.2	247.6	66.65
Net Cash (Debt)	446	62	-382.3	-105.3	268.62
Net Cash Growth	619.36%	-	-	-	19.55%
Net Cash Per Share	1.17	0.17	-1.17	-0.50	1.28
Filing Date Shares Outstanding	421.88	362.14	364.66	210.68	210.74
Total Common Shares Outstanding	421.85	363.04	364.66	210.68	210.46
Working Capital	1,379	1,033	765.8	423.6	613.49
Book Value Per Share	16.59	12.96	13.06	10.42	12.50
Tangible Book Value	6,997	4,704	4,761	2,196	2,629
Tangible Book Value Per Share	16.59	12.96	13.06	10.42	12.49
Land	-	-	-	-	6.37
Machinery	2,260	2,192	2,053	1,281	1,288

Source: S&P Global Market Intelligence. Standard template. Financial Sources.