PAN American Silver Corp revenue

PAN American Silver Corp's revenue was $3.62bn in fiscal 2025, up 28.4% on the year before. Since fiscal 2016 ($775m) it has grown at a compound 18.7% a year.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

PAN American Silver Corp: revenue history, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	775	817	784	1,351	1,339	1,633	1,495	2,316	2,819	3,619
Growth on the year before	—	+5.4%	−4.0%	+72.2%	−0.9%	+22.0%	−8.5%	+55.0%	+21.7%	+28.4%
Gross profit	199	169	101	229	360	368	48	297	549	1,405
Gross margin	25.7%	20.7%	12.9%	17.0%	26.9%	22.5%	3.2%	12.8%	19.5%	38.8%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Gold: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
PAN American Silver Corp	$3.62bn	28.4%	—
Coeur Mining, Inc.	$3.17bn	117.3%	61.2%
Iamgold Corp	$2.85bn	74.7%	—
Wheaton Precious Metals Corp.	$2.31bn	80.2%	—
Harmony Gold Mining Co LTD	$5.88bn	44.4%	—
SSR Mining Inc.	$1.93bn	48.4%	21.1%

Compare with peers

Head to head: CDE vs PAAS IAG vs PAAS PAAS vs WPM HMY vs PAAS

More: Gold stocks compared, Materials sector, rankings of US companies

Figures from PAN American Silver Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to PAN American Silver Corp.