Pan American Silver Corp. (PAAS)
NYSE: PAAS · Real-Time Price · USD
51.92
-0.95 (-1.80%)
At close: Aug 31, 2026, 4:00 PM EDT
50.25
-1.67 (-3.22%)
Pre-market: Sep 1, 2026, 4:49 AM EDT
Pan American Silver Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash & Equivalents | 1,566 | 1,495 | 1,215 | 870.2 | 1,081 | 900.1 | 863 | 439 | 337.2 | 301.1 | 399.6 | 347.5 | 367.5 | 411.3 | 107 | 153.08 | 194.83 | 271.88 | 283.55 | 257.51 |
Short-Term Investments | 139 | 119 | 104 | 40.6 | 28.3 | 22.9 | 24 | 30.9 | 31.4 | 30.3 | 41.3 | 38.5 | 41.7 | 101.8 | 35.3 | 34.09 | 46.43 | 54.41 | 51.72 | 57.94 |
Cash & Short-Term Investments | 1,705 | 1,614 | 1,319 | 910.8 | 1,109 | 923 | 887 | 469.9 | 368.6 | 331.4 | 440.9 | 386 | 409.2 | 513.1 | 142.3 | 187.17 | 241.26 | 326.29 | 335.27 | 315.45 |
Cash Growth (YoY) | 53.71% | 74.87% | 48.70% | 93.83% | 200.92% | 178.52% | 101.18% | 21.74% | -9.92% | -35.41% | 209.84% | 106.23% | 69.61% | 57.26% | -57.56% | -40.66% | 0.37% | 58.08% | 20.14% | 36.19% |
Accounts Receivable | 222 | 94 | 112 | 44.2 | 36 | 34.6 | 31 | 139.4 | 134.8 | 134.6 | 17.5 | 23.6 | 144.9 | 29.3 | 28.7 | 26.54 | 31.42 | 48.24 | 40.02 | 118.61 |
Other Receivables | 45 | 142 | 136 | 183.1 | 141.3 | 158.4 | 157 | 53.6 | 52.3 | 60 | 173 | 181 | 61.9 | 176.7 | 138.7 | 118.16 | 129.55 | 96.05 | 96.52 | 26.69 |
Receivables | 267 | 236 | 248 | 227.3 | 177.3 | 193 | 188 | 193 | 187.1 | 194.6 | 190.5 | 204.6 | 206.8 | 206 | 167.7 | 144.7 | 160.97 | 144.29 | 137.2 | 145.3 |
Inventory | 644 | 650 | 588 | 587.2 | 603.4 | 594.6 | 606 | 810.2 | 743.6 | 744.9 | 711.6 | 701.4 | 681.8 | 675.6 | 471.6 | 438.21 | 435.36 | 472.96 | 500.46 | 498.02 |
Prepaid Expenses | - | - | 29 | 30.5 | 38.2 | 38.9 | 32 | 25.5 | 30.6 | 31 | 29.7 | 30.3 | 39 | 41.6 | 11 | 7.8 | 10.81 | 14.44 | 13.01 | 8.52 |
Other Current Assets | 45 | 45 | 12 | 17 | 20.3 | 13.2 | 7 | 14.5 | 15.3 | 17.6 | 17.3 | 154.2 | 65.3 | 24.6 | 11.8 | 20.12 | 23.91 | 24.64 | 15.22 | 16.66 |
Total Current Assets | 2,661 | 2,545 | 2,196 | 1,773 | 1,948 | 1,763 | 1,720 | 1,513 | 1,345 | 1,320 | 1,390 | 1,477 | 1,402 | 1,461 | 804.4 | 797.99 | 872.3 | 982.62 | 1,001 | 983.94 |
Property, Plant & Equipment | 5,301 | 5,301 | 5,338 | 5,279 | 5,256 | 5,289 | 5,325 | 5,516 | 5,572 | 5,615 | 5,675 | 5,885 | 7,373 | 7,472 | 2,226 | 2,216 | 2,243 | 2,330 | 2,345 | 2,323 |
Long-Term Investments | 1,892 | 2,009 | 1,948 | 1,904 | - | - | - | - | - | - | - | - | - | - | 121.2 | 86.99 | 112.47 | 126.11 | 78.66 | 78.69 |
Goodwill | - | - | - | - | - | - | - | - | - | - | - | 2.8 | 2.8 | 2.8 | - | 5.99 | 5.33 | 2.78 | 2.78 | 2.78 |
Long-Term Deferred Tax Assets | 73 | 69 | 83 | 36.8 | 31.1 | 33.5 | 45 | 55.6 | 65.5 | 81.8 | 80.4 | 66 | 69.3 | 62.1 | 55.9 | 57.41 | 54.74 | 61.99 | 55.95 | 56.16 |
Other Long-Term Assets | 230 | 208 | 177 | 148.1 | 124.9 | 120.7 | 113 | 67.3 | 61.7 | 64.1 | 67.6 | 103.6 | 114.6 | 114.5 | 40.6 | 35.47 | 35.58 | 36.64 | 35.48 | 34.9 |
Total Assets | 10,157 | 10,132 | 9,742 | 9,147 | 7,360 | 7,206 | 7,203 | 7,152 | 7,044 | 7,080 | 7,213 | 7,534 | 8,962 | 9,113 | 3,249 | 3,200 | 3,324 | 3,540 | 3,519 | 3,479 |
Liabilities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Accounts Payable | 199 | 203 | 187 | 188.7 | 176.6 | 165.2 | 194 | 174.3 | 193.6 | 186.2 | 198.2 | 191.4 | 203.2 | 202.6 | 88.8 | 75.28 | 65.08 | 75.15 | 77.46 | 68.2 |
Accrued Expenses | 236 | 228 | 234 | 203.1 | 168.2 | 159.2 | 177 | 181 | 155 | 143.9 | 155.6 | 158 | 160.8 | 146.2 | 108 | 113.01 | 102.41 | 116.27 | 121.42 | 114.04 |
Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.3 | - | - | - | - |
Current Portion of Long-Term Debt | 3 | 4 | 5 | 6 | 6.8 | 6.8 | 7 | 6.8 | 6.7 | 6.7 | 6.7 | 14.8 | 25 | 30.3 | 13.7 | 6.6 | 7.37 | 3.4 | 3.4 | 3.4 |
Current Portion of Leases | 50 | 51 | 53 | 53.6 | 45.2 | 40.4 | 41 | 46.1 | 44.5 | 43.5 | 45.7 | 39.6 | 38.8 | 41.3 | 13.6 | 15.2 | 13.56 | 11.97 | 10.66 | 10.59 |
Current Income Taxes Payable | 202 | 223 | 164 | 116.5 | 82 | 72.7 | 102 | 127.4 | 73.6 | 49 | 32.1 | 39.9 | 37.4 | 35.8 | 25.8 | 22.65 | 23.38 | 33.37 | 59.13 | 51.28 |
Other Current Liabilities | 216 | 187 | 174 | 198.5 | 159.1 | 156.6 | 166 | 197.5 | 179.8 | 196.7 | 185.9 | 200.7 | 193.1 | 178.1 | 130.9 | 139.86 | 146.58 | 121.79 | 115.6 | 117.68 |
Total Current Liabilities | 906 | 896 | 817 | 766.4 | 637.9 | 600.9 | 687 | 733.1 | 653.2 | 626 | 624.2 | 644.4 | 658.3 | 634.3 | 380.8 | 375.9 | 358.38 | 361.96 | 387.68 | 365.18 |
Long-Term Debt | 714 | 712 | 730 | 731.9 | 726.4 | 724.9 | 723 | 724.7 | 721.1 | 720.9 | 718.6 | 726.7 | 1,035 | 1,079 | 200.8 | 42.46 | 44.12 | 31.84 | 32.69 | 33.54 |
Long-Term Leases | 74 | 78 | 85 | 90.4 | 63.9 | 53.8 | 54 | 61.6 | 58.8 | 58.2 | 52.2 | 49.8 | 57.5 | 57.6 | 19.5 | 21.7 | 18.97 | 20.62 | 19.9 | 18.24 |
Long-Term Unearned Revenue | - | - | 13 | 13 | 13 | 13.1 | 13 | 13.3 | 12.8 | 12.9 | 13.1 | 13.3 | - | 13.7 | 13.9 | 14.03 | 14.64 | 14.95 | 12.52 | 12.67 |
Long-Term Deferred Tax Liabilities | 428 | 410 | 435 | 435.7 | 455 | 491.9 | 522 | 504.3 | 526 | 517.8 | 541.6 | 733.4 | 1,164 | 1,211 | 140.3 | 144.12 | 159.67 | 171.43 | 184.79 | 193.72 |
Other Long-Term Liabilities | 675 | 681 | 661 | 487 | 490.5 | 490.7 | 487 | 470.1 | 448.6 | 463.2 | 490.9 | 459.3 | 638.9 | 624.9 | 291.6 | 238.31 | 250.18 | 251.52 | 245.01 | 216.86 |
Total Liabilities | 2,797 | 2,777 | 2,741 | 2,524 | 2,387 | 2,375 | 2,486 | 2,507 | 2,421 | 2,399 | 2,441 | 2,627 | 3,553 | 3,620 | 1,047 | 836.52 | 845.95 | 852.33 | 882.58 | 840.21 |
Shareholders' Equity
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Common Stock | 7,362 | 7,440 | 7,448 | 7,451 | 5,919 | 5,926 | 5,940 | 5,939 | 5,938 | 5,938 | 5,967 | 5,963 | 5,963 | 5,963 | 3,140 | 3,138 | 3,137 | 3,137 | 3,136 | 3,133 |
Retained Earnings | -68 | -149 | -513 | -898.7 | -1,024 | -1,173 | -1,299 | -1,371 | -1,391 | -1,333 | -1,270 | -1,181 | -1,123 | -1,040 | -1,035 | -840.72 | -746.02 | -546.77 | -598.04 | -591 |
Comprehensive Income & Other | 64 | 63 | 62 | 64.9 | 64.1 | 64 | 63 | 63.8 | 63.8 | 63.7 | 63.7 | 66.5 | 69.8 | 74.1 | 90.3 | 60.62 | 81.06 | 93.35 | 93.38 | 93.41 |
Total Common Equity | 7,358 | 7,354 | 6,997 | 6,617 | 4,959 | 4,817 | 4,704 | 4,632 | 4,611 | 4,669 | 4,761 | 4,848 | 4,910 | 4,997 | 2,196 | 2,358 | 2,473 | 2,683 | 2,632 | 2,635 |
Minority Interest | 2 | 1 | 4 | 6.1 | 14.3 | 13.8 | 13 | 12.9 | 12.5 | 12 | 11.8 | 58.8 | 499.2 | 495.5 | 6.1 | 5.44 | 5.12 | 4.77 | 4.45 | 3.83 |
Shareholders' Equity | 7,360 | 7,355 | 7,001 | 6,623 | 4,974 | 4,830 | 4,717 | 4,645 | 4,623 | 4,681 | 4,773 | 4,907 | 5,409 | 5,493 | 2,202 | 2,363 | 2,478 | 2,688 | 2,636 | 2,639 |
Total Liabilities & Equity | 10,157 | 10,132 | 9,742 | 9,147 | 7,360 | 7,206 | 7,203 | 7,152 | 7,044 | 7,080 | 7,213 | 7,534 | 8,962 | 9,113 | 3,249 | 3,200 | 3,324 | 3,540 | 3,519 | 3,479 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Total Debt | 841 | 845 | 873 | 881.9 | 842.3 | 825.9 | 825 | 839.2 | 831.1 | 829.3 | 823.2 | 830.9 | 1,156 | 1,208 | 247.6 | 89.25 | 84.01 | 67.83 | 66.65 | 65.77 |
Net Cash (Debt) | 864 | 769 | 446 | 28.9 | 266.9 | 97.1 | 62 | -369.3 | -462.5 | -497.9 | -382.3 | -444.9 | -746.9 | -694.7 | -105.3 | 97.92 | 157.25 | 258.45 | 268.62 | 249.68 |
Net Cash Growth (YoY) | 223.72% | 691.97% | 619.36% | - | - | - | - | - | - | - | - | - | - | - | - | -60.78% | -8.52% | 66.98% | 19.55% | 208.19% |
Net Cash Per Share | 2.06 | 1.82 | 1.06 | 0.08 | 0.74 | 0.27 | 0.17 | -1.02 | -1.27 | -1.37 | -1.05 | -1.22 | -2.05 | -3.30 | -0.50 | 0.47 | 0.75 | 1.23 | 1.28 | 1.19 |
Filing Date Shares Outstanding | 417.07 | 421.35 | 421.88 | 422.05 | 361.8 | 362.19 | 362.14 | 363.01 | 363 | 362.95 | 364.66 | 364.44 | 364.44 | 364.44 | 210.68 | 210.74 | 210.53 | 210.51 | 210.74 | 210.31 |
Total Common Shares Outstanding | 417.07 | 421.42 | 421.85 | 422.04 | 361.78 | 362.19 | 363.04 | 363 | 362.97 | 362.94 | 364.66 | 364.44 | 364.44 | 364.44 | 210.68 | 210.54 | 210.53 | 210.48 | 210.46 | 210.3 |
Working Capital | 1,755 | 1,649 | 1,379 | 1,006 | 1,311 | 1,162 | 1,033 | 780 | 692 | 693.5 | 765.8 | 832.1 | 743.8 | 826.6 | 423.6 | 422.1 | 513.92 | 620.66 | 613.49 | 618.76 |
Book Value Per Share | 17.64 | 17.45 | 16.59 | 15.68 | 13.71 | 13.30 | 12.96 | 12.76 | 12.70 | 12.86 | 13.06 | 13.30 | 13.47 | 13.71 | 10.42 | 11.20 | 11.74 | 12.75 | 12.50 | 12.53 |
Tangible Book Value | 7,358 | 7,354 | 6,997 | 6,617 | 4,959 | 4,817 | 4,704 | 4,632 | 4,611 | 4,669 | 4,761 | 4,846 | 4,907 | 4,995 | 2,196 | 2,352 | 2,467 | 2,680 | 2,629 | 2,633 |
Tangible Book Value Per Share | 17.64 | 17.45 | 16.59 | 15.68 | 13.71 | 13.30 | 12.96 | 12.76 | 12.70 | 12.86 | 13.06 | 13.30 | 13.46 | 13.70 | 10.42 | 11.17 | 11.72 | 12.73 | 12.49 | 12.52 |
Land | - | - | - | 13.7 | 13.6 | 3,056 | - | 14.3 | 14.3 | - | - | 30.2 | 29.8 | 30.1 | - | 6.37 | 6.37 | 6.37 | 6.37 | 6.76 |
Machinery | 2,309 | 2,290 | 2,260 | - | - | - | 2,192 | - | - | 9,685 | 2,053 | - | - | - | 1,281 | - | - | - | 1,288 | - |