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	94	112	31	17.5	28.7	40.02
Other Receivables	142	136	157	173	138.7	96.52
Receivables	236	248	188	190.5	167.7	137.2
Inventory	650	588	606	711.6	471.6	500.46
Prepaid Expenses	-	29	32	29.7	11	13.01
Other Current Assets	45	12	7	17.3	11.8	15.22
Total Current Assets	2,545	2,196	1,720	1,390	804.4	1,001
Property, Plant & Equipment	5,301	5,338	5,325	5,675	2,226	2,345
Long-Term Investments	2,009	1,948	-	-	121.2	78.66
Goodwill	-	-	-	-	-	2.78
Long-Term Deferred Tax Assets	69	83	45	80.4	55.9	55.95
Other Long-Term Assets	208	177	113	67.6	40.6	35.48
Total Assets	10,132	9,742	7,203	7,213	3,249	3,519
Accounts Payable	203	187	194	198.2	88.8	77.46
Accrued Expenses	228	234	177	155.6	108	121.42
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
Current Income Taxes Payable	223	164	102	32.1	25.8	59.13
Other Current Liabilities	187	174	166	185.9	130.9	115.6
Total Current Liabilities	896	817	687	624.2	380.8	387.68
Long-Term Debt	712	730	723	718.6	200.8	32.69
Long-Term Leases	78	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	410	435	522	541.6	140.3	184.79
Other Long-Term Liabilities	681	661	487	490.9	291.6	245.01
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
Retained Earnings	-149	-513	-1,299	-1,270	-1,035	-598.04
Comprehensive Income & Other	63	62	63	63.7	90.3	93.38
Total Common 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	873	825	823.2	247.6	66.65
Net Cash (Debt)	769	446	62	-382.3	-105.3	268.62
Net Cash Growth	691.97%	619.36%	-	-	-	19.55%
Net Cash Per Share	1.94	1.17	0.17	-1.17	-0.50	1.28
Filing Date Shares Outstanding	421.35	421.88	362.14	364.66	210.68	210.74
Total Common Shares Outstanding	421.42	421.85	363.04	364.66	210.68	210.46
Working Capital	1,649	1,379	1,033	765.8	423.6	613.49
Book Value Per Share	17.45	16.59	12.96	13.06	10.42	12.50
Tangible Book Value	7,354	6,997	4,704	4,761	2,196	2,629
Tangible Book Value Per Share	17.45	16.59	12.96	13.06	10.42	12.49
Land	-	-	-	-	-	6.37
Machinery	2,290	2,260	2,192	2,053	1,281	1,288

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