Pan American Silver Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,495	1,215	863	399.6	107	283.55
Short-Term Investments	119	104	24	41.3	35.3	51.72
Cash & Short-Term Investments	1,614	1,319	887	440.9	142.3	335.27
Cash Growth	74.87%	48.70%	101.18%	209.84%	-57.56%	20.14%
Accounts Receivable	212	232	165	138	136.6	128.15
Other Receivables	24	24	30	62.9	40	20.28
Total Trade Receivables	236	256	195	200.9	176.6	148.43
Inventory	650	588	606	711.6	471.6	500.46
Other Current Assets	45	33	32	36.6	13.9	17
Total Current Assets	2,545	2,196	1,720	1,390	804.4	1,001
Net Property, Plant & Equipment	5,301	5,338	5,325	5,675	2,226	2,345
Goodwill	-	-	-	-	-	5.15
Long-Term Investments	2,009	1,921	-	-	121.2	77.41
Other Long-Term Assets	277	287	158	148	96.5	90.31
Total Assets	10,132	9,742	7,203	7,213	3,249	3,519
Accounts Payable	565	549	489	498	308	306.09
Current Portion of Long-Term Debt	4	5	7	6.7	13.7	3.4
Current Portion of Leases	51	53	41	45.7	13.6	10.66
Other Current Liabilities	276	210	150	73.8	45.5	67.53
Total Current Liabilities	896	817	687	624.2	380.8	387.68
Long-Term Debt	712	709	702	697	180	11.9
Long-Term Leases	78	85	54	52.2	19.5	19.9
Other Long-Term Liabilities	1,091	1,130	1,043	1,067	466.6	463.1
Total Long-Term Liabilities	1,881	1,924	1,799	1,816	666.1	494.9
Total Liabilities	2,777	2,741	2,486	2,441	1,047	882.58
Common Stock	7,440	7,448	5,940	5,967	3,140	3,136
Accumulated Other Comprehensive Income	63	62	63	63.7	90.3	93.38
Retained Earnings	-149	-513	-1,299	-1,270	-1,035	-598.04
Total Common Shareholders' Equity	7,354	6,997	4,704	4,761	2,196	2,632
Minority Interest	1	4	13	11.8	6.1	4.45
Shareholders' Equity	7,355	7,001	4,717	4,773	2,202	2,636
Total Liabilities & Equity	10,132	9,742	7,203	7,213	3,249	3,519
Total Debt	845	852	804	801.6	226.8	45.86
Net Cash (Debt)	769	467	83	-360.7	-84.5	289.41
Net Cash Growth	64.67%	462.65%	-	-	-	17.89%
Net Cash Per Share	1.94	1.22	0.23	-1.10	-0.40	1.38
Book Value	7,354	6,997	4,704	4,761	2,196	2,632
Book Value Per Share	18.56	18.34	12.94	14.58	10.43	12.51
Tangible Book Value	7,354	6,997	4,704	4,761	2,196	2,626
Tangible Book Value Per Share	18.56	18.34	12.94	14.58	10.43	12.48