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Pan American Silver Corp
TSX:PAAS

Watchlist Manager
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Pan American Silver Corp
TSX:PAAS
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Price: 65.27 CAD -8.1%
Market Cap: CA$27.5B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+4 078%
5Y
+188%
10Y
+1 403%
Investing Cash Flow
+
3Y
-176%
5Y
-741%
10Y
-1 248%
Financing Cash Flow
+
3Y
-
5Y
+16%
10Y
-481%

Cash Flow Statement
Pan American Silver Corp

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Cash Flow Statement
Currency: USD
Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Operating Cash Flow
Net Income
0
0
0
(34)
0
(37)
(38)
(7)
(9)
(3)
(1)
15
13
15
14
(29)
(27)
(17)
(1)
58
81
85
92
89
99
101
84
25
1
(10)
1
62
93
106
109
16
71
161
193
354
312
235
205
78
48
(176)
(184)
(446)
(459)
(278)
(312)
(545)
(571)
(573)
(620)
(232)
(210)
(168)
(57)
102
120
122
96
123
152
152
125
12
(2)
(21)
26
111
0
1
29
176
246
298
253
99
183
(62)
(153)
(340)
(400)
(274)
(226)
(105)
(152)
(126)
(46)
113
313
524
636
980
Depreciation & Amortization
0
0
0
5
0
6
6
3
5
7
9
11
12
12
13
13
13
15
16
18
18
21
26
29
35
40
42
46
51
60
71
83
87
87
87
83
83
83
80
83
84
88
98
104
114
122
134
136
143
149
141
148
151
150
152
151
140
133
130
116
116
117
112
123
128
135
144
147
162
182
207
253
282
286
278
272
269
277
305
303
312
318
313
316
305
380
442
484
536
514
504
572
567
561
551
497
Change in Deffered Taxes
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(2)
(1)
(1)
(2)
1
(3)
(5)
0
(1)
(1)
5
3
5
3
(4)
(5)
(6)
2
0
0
0
16
0
0
0
8
0
0
0
(5)
0
0
0
(39)
(39)
(48)
(52)
(128)
(125)
(120)
(120)
(20)
(22)
(20)
4
30
26
17
(5)
(4)
(11)
(2)
(16)
(33)
(28)
(36)
(14)
(21)
20
24
21
(23)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
1
1
2
2
3
2
2
3
2
2
2
2
3
3
4
4
4
5
4
5
5
0
4
3
3
0
2
2
1
2
3
2
3
3
3
2
3
3
4
4
4
3
3
3
4
4
3
3
3
3
4
5
5
2
3
3
3
5
5
6
6
6
4
4
4
4
6
6
6
7
0
(0)
(2)
(3)
2
Other Non-Cash Items
0
0
0
32
0
26
27
5
7
2
5
(13)
(15)
(16)
(17)
30
37
39
36
(5)
(21)
(18)
(17)
(11)
(1)
7
8
25
25
15
22
6
(2)
15
37
172
182
162
174
9
51
52
44
180
182
360
333
569
542
398
408
674
658
628
664
187
194
184
127
(11)
7
20
43
20
6
5
24
108
86
101
75
65
161
113
97
31
21
57
118
196
106
282
273
239
244
126
126
179
279
348
381
355
317
231
238
212
Cash Taxes Paid
0
0
0
0
0
0
0
1
0
0
1
1
1
4
5
5
7
6
6
8
23
32
39
44
37
32
31
28
27
24
21
22
19
103
32
37
61
(17)
63
59
111
128
139
152
116
111
95
98
72
53
48
33
25
29
18
14
9
2
9
16
34
44
51
49
56
64
71
75
77
77
80
83
85
80
74
82
106
114
129
129
126
148
144
138
110
118
134
149
160
141
131
164
218
255
293
318
Cash Interest Paid
1
1
2
1
0
0
1
1
0
0
0
3
3
3
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
2
2
4
4
4
5
3
4
3
3
5
5
7
6
4
4
2
2
3
3
3
4
2
2
2
2
2
4
9
13
17
18
16
13
10
8
6
5
5
5
6
6
7
9
21
36
45
50
46
39
37
37
37
38
38
Change in Working Capital
(3)
(3)
0
(3)
2
2
0
(6)
(8)
(8)
(14)
(10)
(4)
(4)
2
(3)
(6)
8
3
(2)
(13)
(39)
(47)
(38)
(53)
(35)
(19)
(6)
(5)
(10)
(23)
(37)
(13)
(28)
(24)
(45)
(100)
(110)
(126)
(94)
(117)
(155)
(138)
(164)
(151)
(107)
(123)
(101)
(63)
(49)
(16)
(25)
(12)
(13)
(10)
2
(24)
(5)
(11)
(23)
(16)
(47)
(55)
(38)
(54)
(46)
(55)
(79)
(110)
(102)
(130)
(127)
(54)
(37)
(3)
5
(102)
(177)
(177)
(205)
(170)
(174)
(170)
(183)
(134)
(121)
(172)
(108)
(202)
(230)
(222)
(315)
(359)
(347)
(374)
(356)
Cash from Operating Activities
(3)
N/A
(3)
+17%
0
N/A
(1)
N/A
(3)
-269%
(4)
-18%
(5)
-31%
(5)
+2%
(4)
+3%
(2)
+63%
(1)
+21%
3
N/A
6
+104%
7
+14%
11
+52%
11
-3%
15
+43%
43
+181%
55
+27%
66
+20%
61
-8%
50
-18%
54
+9%
67
+25%
85
+26%
117
+39%
120
+2%
94
-22%
69
-27%
50
-27%
64
+29%
116
+80%
170
+47%
183
+8%
211
+15%
242
+15%
253
+4%
312
+23%
338
+8%
359
+6%
337
-6%
228
-32%
217
-5%
193
-11%
188
-3%
194
+3%
155
-20%
120
-23%
123
+3%
172
+39%
170
-1%
124
-27%
100
-19%
72
-28%
66
-8%
89
+34%
78
-13%
123
+59%
193
+56%
215
+12%
253
+18%
229
-9%
191
-17%
225
+18%
220
-2%
244
+11%
222
-9%
155
-30%
108
-31%
124
+15%
164
+32%
282
+71%
409
+45%
388
-5%
421
+8%
462
+10%
378
-18%
403
+6%
445
+10%
392
-12%
431
+10%
365
-15%
262
-28%
32
-88%
14
-55%
111
+665%
171
+54%
450
+164%
460
+2%
506
+10%
617
+22%
724
+17%
838
+16%
969
+16%
1 051
+9%
1 333
+27%
Investing Cash Flow
Capital Expenditures
(3)
(4)
(7)
(11)
(14)
(17)
(17)
(18)
(17)
(16)
(15)
(17)
(23)
(35)
(48)
(60)
(66)
(89)
(90)
(97)
(100)
(97)
(108)
(117)
(153)
(181)
(208)
(244)
(219)
(177)
(126)
(67)
(67)
(64)
(77)
(78)
(77)
(100)
(104)
(119)
(122)
(115)
(133)
(160)
(180)
(191)
(191)
(159)
(157)
(149)
(135)
(132)
(127)
(120)
(123)
(147)
(159)
(182)
(200)
(203)
(202)
(199)
(182)
(162)
(150)
(144)
(146)
(152)
(160)
(183)
(199)
(207)
(222)
(186)
(175)
(179)
(171)
(204)
(227)
(243)
(257)
(266)
(272)
(275)
(252)
(293)
(333)
(379)
(427)
(390)
(357)
(323)
(305)
(289)
(305)
(314)
Other Items
0
0
(0)
0
3
3
3
(72)
(75)
(63)
(97)
(7)
(12)
(5)
39
44
68
(67)
(64)
(64)
(63)
56
43
18
(9)
18
38
75
17
(15)
(42)
(79)
(7)
(25)
(38)
(83)
(128)
(140)
(60)
(54)
265
180
164
121
(198)
(35)
(89)
34
34
10
(1)
(11)
35
109
112
94
130
56
92
63
40
7
(25)
(15)
(28)
(10)
1
(7)
(200)
(206)
(202)
(195)
(5)
78
80
95
101
38
66
57
64
50
19
19
375
432
733
777
411
354
52
291
291
295
(76)
(392)
Cash from Investing Activities
(3)
N/A
(4)
-45%
(7)
-77%
(11)
-54%
(11)
+1%
(14)
-31%
(15)
-4%
(91)
-518%
(93)
-3%
(79)
+15%
(112)
-42%
(24)
+78%
(35)
-44%
(40)
-14%
(9)
+78%
(15)
-75%
2
N/A
(155)
N/A
(154)
+1%
(161)
-4%
(163)
-2%
(41)
+75%
(65)
-60%
(99)
-52%
(162)
-63%
(163)
-1%
(170)
-4%
(169)
+1%
(201)
-19%
(192)
+5%
(168)
+13%
(146)
+13%
(74)
+49%
(89)
-21%
(115)
-29%
(161)
-40%
(205)
-28%
(240)
-17%
(165)
+31%
(173)
-5%
143
N/A
65
-55%
30
-53%
(39)
N/A
(377)
-859%
(226)
+40%
(280)
-24%
(125)
+55%
(122)
+3%
(140)
-14%
(136)
+2%
(143)
-5%
(92)
+36%
(11)
+88%
(11)
-2%
(52)
-377%
(29)
+44%
(127)
-334%
(108)
+14%
(140)
-29%
(163)
-16%
(192)
-18%
(208)
-8%
(178)
+14%
(178)
0%
(154)
+13%
(145)
+6%
(159)
-10%
(360)
-126%
(389)
-8%
(402)
-3%
(402)
0%
(227)
+44%
(108)
+52%
(95)
+12%
(84)
+12%
(70)
+17%
(165)
-136%
(160)
+3%
(187)
-16%
(193)
-4%
(216)
-12%
(253)
-18%
(255)
-1%
124
N/A
139
+12%
400
+188%
398
-1%
(17)
N/A
(36)
-119%
(305)
-745%
(33)
+89%
(14)
+57%
6
N/A
(381)
N/A
(706)
-85%
Financing Cash Flow
Net Issuance of Common Stock
27
23
23
23
6
3
6
8
68
67
65
62
3
3
3
6
8
158
157
154
153
5
4
5
54
53
53
51
104
104
104
104
0
0
3
12
13
15
(16)
(90)
(91)
(116)
(93)
(39)
(44)
(22)
(17)
(7)
(1)
0
0
0
0
0
0
0
0
1
2
2
4
4
3
3
1
1
1
1
1
1
2
3
6
7
6
5
2
1
0
1
1
1
1
1
1
0
0
0
(22)
(24)
(23)
(23)
(21)
(28)
(28)
(43)
Net Issuance of Debt
(3)
(3)
(2)
(3)
0
5
91
94
90
60
(25)
(27)
(26)
(1)
(1)
(1)
0
2
0
0
0
2
3
0
0
0
1
0
0
0
3
0
0
0
(5)
0
0
(5)
(2)
(5)
(6)
(7)
(8)
(6)
(26)
(11)
(11)
(7)
11
(15)
(3)
(8)
(0)
8
(7)
(6)
(12)
(10)
(18)
(23)
(22)
(18)
(45)
(38)
(41)
(45)
(7)
(11)
200
197
174
131
(94)
(152)
(235)
(288)
(272)
(212)
(109)
(14)
(15)
(16)
(16)
147
99
38
(265)
(433)
(395)
(345)
(52)
(57)
(56)
(56)
(57)
(59)
Cash Paid for Dividends
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
(3)
(5)
(8)
(8)
(11)
(11)
(11)
(12)
(15)
(20)
(25)
(40)
(53)
(64)
(76)
(76)
(76)
(76)
(76)
(76)
(64)
(53)
(42)
(25)
(19)
(13)
(8)
(10)
(11)
(13)
(15)
(17)
(18)
(20)
(21)
(23)
(25)
(27)
(29)
(33)
(36)
(39)
(46)
(50)
(55)
(65)
(72)
(82)
(93)
(95)
(95)
(91)
(102)
(115)
(130)
(146)
(146)
(146)
(145)
(145)
(145)
(152)
(175)
Other
(1)
(1)
(1)
(1)
(0)
(0)
(3)
(3)
(6)
(3)
(0)
(0)
2
0
0
(0)
(0)
(8)
(8)
(8)
(10)
(2)
(2)
(1)
0
(2)
(2)
(0)
(2)
(1)
(1)
0
(3)
(2)
3
(7)
(1)
1
(5)
1
1
(2)
(1)
(1)
(1)
(1)
(1)
(1)
0
0
(1)
(0)
0
(1)
(1)
(1)
0
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(1)
0
(1)
(0)
0
(0)
(1)
(1)
(1)
(1)
(0)
(0)
(0)
(0)
4
11
11
11
7
(0)
0
(1)
(1)
(1)
(1)
Cash from Financing Activities
22
N/A
19
-15%
20
+5%
18
-8%
6
-66%
8
+21%
94
+1 128%
99
+5%
152
+54%
124
-19%
39
-69%
35
-8%
(21)
N/A
2
N/A
2
+16%
6
+133%
7
+20%
151
+2 121%
149
-2%
146
-2%
143
-2%
4
-97%
5
+13%
4
-22%
54
+1 368%
48
-12%
49
+1%
51
+4%
102
+102%
102
-1%
105
+3%
104
-1%
(6)
N/A
(4)
+25%
(7)
-51%
(3)
+59%
4
N/A
5
+52%
(28)
N/A
(104)
-271%
(107)
-3%
(140)
-30%
(122)
+13%
(71)
+42%
(111)
-57%
(87)
+22%
(93)
-7%
(90)
+3%
(67)
+25%
(92)
-36%
(80)
+13%
(84)
-5%
(76)
+9%
(57)
+25%
(60)
-6%
(48)
+21%
(36)
+24%
(29)
+22%
(29)
-1%
(28)
+3%
(27)
+3%
(26)
+5%
(57)
-118%
(52)
+9%
(59)
-14%
(63)
-8%
(27)
+58%
(33)
-23%
176
N/A
170
-3%
146
-14%
103
-29%
(122)
N/A
(182)
-49%
(268)
-47%
(330)
-23%
(321)
+3%
(266)
+17%
(174)
+35%
(86)
+51%
(97)
-13%
(108)
-11%
(109)
-1%
53
N/A
8
-84%
(59)
N/A
(369)
-525%
(552)
-50%
(551)
+0%
(508)
+8%
(221)
+56%
(225)
-2%
(222)
+1%
(231)
-4%
(238)
-3%
(278)
-17%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
0
0
0
0
(0)
1
1
1
0
0
(0)
(0)
2
0
(0)
(1)
(1)
(0)
(0)
1
(1)
(1)
0
(0)
0
(1)
(1)
(1)
(1)
0
1
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(3)
(2)
(2)
(2)
(2)
(2)
(3)
(3)
(2)
(3)
(4)
(6)
(7)
(8)
(7)
(4)
(3)
(2)
0
(3)
(2)
(0)
(1)
3
Net Change in Cash
16
N/A
12
-24%
13
+5%
7
-48%
(7)
N/A
(10)
-34%
75
N/A
4
-95%
55
+1 272%
43
-22%
(75)
N/A
14
N/A
(50)
N/A
(31)
+38%
5
N/A
1
-80%
25
+2 504%
39
+60%
50
+27%
51
+2%
41
-20%
13
-68%
(7)
N/A
(28)
-331%
(23)
+19%
2
N/A
(1)
N/A
(25)
-1 676%
(30)
-21%
(40)
-33%
1
N/A
74
+5 290%
91
+23%
90
-1%
89
-1%
79
-11%
52
-34%
79
+51%
145
+85%
83
-43%
373
+349%
153
-59%
127
-17%
83
-34%
(300)
N/A
(120)
+60%
(219)
-82%
(96)
+56%
(66)
+31%
(59)
+11%
(48)
+19%
(104)
-118%
(68)
+34%
4
N/A
(5)
N/A
(12)
-161%
10
N/A
(33)
N/A
54
N/A
47
-14%
63
+35%
11
-83%
(74)
N/A
(5)
+93%
(16)
-231%
26
N/A
50
+90%
(37)
N/A
(77)
-105%
(95)
-24%
(92)
+4%
(18)
+80%
57
N/A
96
+67%
56
-42%
47
-16%
(14)
N/A
(31)
-116%
107
N/A
116
+9%
138
+19%
38
-73%
(104)
N/A
(177)
-69%
139
N/A
182
+31%
194
+7%
293
+50%
(110)
N/A
(40)
+64%
92
N/A
463
+406%
599
+29%
744
+24%
431
-42%
352
-18%
Free Cash Flow
Free Cash Flow
(6)
N/A
(7)
-10%
(7)
-1%
(12)
-69%
(17)
-45%
(20)
-19%
(22)
-9%
(23)
-4%
(22)
+4%
(18)
+17%
(17)
+7%
(14)
+17%
(17)
-23%
(27)
-61%
(37)
-35%
(49)
-32%
(50)
-3%
(45)
+10%
(35)
+22%
(31)
+12%
(39)
-27%
(47)
-20%
(54)
-15%
(50)
+8%
(68)
-37%
(64)
+7%
(89)
-39%
(150)
-70%
(150)
+0%
(127)
+16%
(61)
+52%
49
N/A
103
+113%
119
+15%
134
+13%
164
+22%
176
+7%
212
+21%
233
+10%
241
+3%
216
-10%
113
-48%
83
-26%
33
-60%
9
-74%
3
-68%
(36)
N/A
(40)
-11%
(33)
+17%
23
N/A
34
+51%
(8)
N/A
(27)
-262%
(48)
-76%
(57)
-18%
(58)
-2%
(82)
-41%
(59)
+27%
(7)
+88%
12
N/A
50
+313%
31
-39%
8
-72%
62
+632%
70
+13%
100
+43%
76
-24%
3
-96%
(52)
N/A
(59)
-12%
(35)
+41%
75
N/A
187
+150%
202
+8%
246
+22%
284
+15%
207
-27%
199
-4%
218
+9%
149
-32%
174
+17%
99
-43%
(10)
N/A
(243)
-2 243%
(237)
+2%
(182)
+23%
(162)
+11%
71
N/A
33
-54%
115
+254%
261
+126%
401
+54%
533
+33%
680
+27%
746
+10%
1 019
+37%

See Also

Summary
PAAS intrinsic value, competitors valuation, and company profile.
DCF Valuation
PAAS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PAAS stock valuation using valuation multiples.
Wall Street Estimates
PAAS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PAAS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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