PAAS expands its reserve base through exploration and drilling, adding silver and gold resources while advancing Timmins for potential growth.
Pan American Silver's transformative Yamana acquisition and the precious metals rally have driven a dramatic inflection, with revenue surging 49.2% year-over-year to $1.2B and gross margins expanding from 11.8% in 2024Q1 to 52.7% in 2026Q1. The company now gen...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 49.2% year-over-year in 2026Q1, with gross margin expanding to 52.7% from 11.8% in 2024Q1, reflecting strong operating leverage and higher metal prices.
Pan American Silver Corp. is highlighted for its potential to benefit from a revaluation of silver prices, offering significant upside.
PAAS is the top producer of silver and gold in the Americas, with 12 operating projects and 2 in development, providing strong operational scale.
The company is well-positioned to capitalize on sustained high gold and silver prices, driving revenue and profitability.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 12, 2026 | $0.73-13.1% vs $0.84 | $1.1B-2.5% vs $1.1B |
Q2 2026 May 5, 2026 | $1.09+2.8% vs $1.06 | $1.1B-5.9% vs $1.2B |
Q1 2026 Feb 18, 2026 | $1.11+23.3% vs $0.90 | $1.2B+5.5% vs $1.1B |
Q4 2025 Nov 12, 2025 | $0.48-2.0% vs $0.49 | $855M-26.3% vs $1.2B |
PAAS expands its reserve base through exploration and drilling, adding silver and gold resources while advancing Timmins for potential growth.
Pan American Silver (PAAS) closed at $48.75 in the latest trading session, marking a -2.48% move from the prior day.

By-Product Credits Can Push a Silver Mine's Cash Cost Below ZeroPR NewswireVANCOUVER, BC, Sept. 17, 2026Equity Insider News CommentaryVANCOUVER, BC, Sept. 17, 2

Equity Insider News Commentary VANCOUVER, BC, Sept. 17, 2026 /PRNewswire/ -- Silver is running its sixth consecutive annual structural deficit, and the price

Benchmark PAAS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Pan American Silver Corp. (PAAS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $48.11 | $20.27B | 18.43 | 30.63% | 27.02% | 17% | 0.97% | |
| $19.05 | $9.39B | 54.43 | 128.18% | 21.12% | 10.78% | — | |
| $18.27 | $12.25B | 37.29 | 53.03% | 20.83% | 12.98% | — | |
| $19.32 | $19.91B | 21.47 | 96.41% | 26.82% | 12.49% | — | |
| $9.26 | $2.74B | -22.05 | 115.25% | 8.73% | 10.49% | — | |
| $123.55 | $130.18B | 19.27 | 19.08% | 38.06% | 24.89% | — |
Pan American Silver Corp. (PAAS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Pan American Silver Corp. (PAAS) stock FAQ — growth, dividends, profitability & financials explained
Pan American Silver Corp. (PAAS) reported $4.30B in revenue for fiscal year 2025. This represents a 15413% increase from $27.7M in 1996.
Pan American Silver Corp. (PAAS) grew revenue by 30.6% over the past year. This is strong growth.
Yes, Pan American Silver Corp. (PAAS) is profitable, generating $1.38B in net income for fiscal year 2025 (27.0% net margin).
Yes, Pan American Silver Corp. (PAAS) pays a dividend with a yield of 0.97%. This makes it attractive for income-focused investors.
Pan American Silver Corp. (PAAS) has a return on equity (ROE) of 17.0%. This is reasonable for most industries.
Pan American Silver Corp. (PAAS) generated $1.54B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.