PAN AMERICAN SILVER CORP
PAAS, PAASF · Gold and Silver Ores · EDGAR filings ↗
Grade
B81Scaled precious-metals producer with top-decile cash generation, strong returns and a clean balance sheet.
Strengths
- FCF $1.0B (95th pct) and ROA 10.1% (83rd pct) — top-decile; ROE 14% (72nd pct)
- Explosive earnings growth (+767%, 94.8th pct), very low leverage (D/E 0.10), large cash (94.5th pct)
Risks
- Commodity price-taker; results hinge on gold/silver prices, no durable moat
- Operating across multiple emerging-market jurisdictions
Notable findings
- Strong balance sheetStrong balance sheet — $1.2B cash & investments
Key metrics
Gross margin
38.8%
Operating margin
34.1%
Net margin
27.1%
Return on equity
14.0%
Return on assets
10.1%
ROIC
12.6%
Revenue growth (QoQ)
28.4%
Net-income growth
767.3%
Debt / equity
0.1×
Interest coverage
22.4×
Current ratio
2.7×
Free cash flow
$1.0B
Tangible book value
$7.0B
Cash & investments
$1.2B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-02-18 | 2025-12-31 | 0000771992-26-000019 ↗ |
| 40-F | 2025-02-19 | 2024-12-31 | 0000771992-25-000015 ↗ |
| 40-F | 2024-03-26 | 2023-12-31 | 0000771992-24-000031 ↗ |
| 40-F | 2023-02-22 | 2022-12-31 | 0000771992-23-000021 ↗ |
| 40-F | 2022-02-24 | 2021-12-31 | 0000771992-22-000024 ↗ |
| 40-F | 2021-02-18 | 2020-12-31 | 0000771992-21-000019 ↗ |
| 40-F | 2020-03-12 | 2019-12-31 | 0000771992-20-000017 ↗ |
| 40-F | 2019-03-12 | 2018-12-31 | 0000771992-19-000023 ↗ |
| 40-F | 2018-03-23 | 2017-12-31 | 0000771992-18-000013 ↗ |
| 40-F | 2017-03-22 | 2016-12-31 | 0000771992-17-000031 ↗ |
| 40-F | 2016-03-24 | 2015-12-31 | 0001279569-16-003005 ↗ |
| 40-F | 2015-03-30 | 2014-12-31 | 0001341004-15-000243 ↗ |