Coeur Mining vs PAN American Silver
PAN American Silver is the larger business, with $3.62bn of revenue in fiscal 2025 against $2.07bn for Coeur Mining (1.7 times as much). Coeur Mining grew faster (96.4% against 28.4%). Coeur Mining kept more of each dollar of sales as profit: a net margin of 28.3% against 27.1%. Coeur Mining carries less debt relative to equity (0.5% against 10.2%).
| Latest fiscal year | Coeur MiningCDE, 2025 | PAN American SilverPAAS, 2025 |
|---|---|---|
| Revenue | $2.07bn | $3.62bn |
| Revenue growth | 96.4% | 28.4% |
| Net income | $586m | $980m |
| Operating margin | 34.2% | 34.1% |
| Net margin | 28.3% | 27.1% |
| Return on equity | 26.4% | 16.8% |
| Free cash flow | $666m | $1.02bn |
| Cash | $554m | $1.22bn |
| Total debt | $17.0m | $714m |
| Debt to equity | 0.5% | 10.2% |
| Dividend per share | — | — |
| Dividend yield | — | 1.2% |
| Share buybacks | — | $46.0m |
| Employees | 2,105 | — |
| Market value | $13.76bn | $14.56bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 21 (Weak) | — |
| Insider trades, 12 months | 1 buys, 6 sales | 0 buys, 0 sales |