Pan American Silver (PAAS) revenue breakdown
By segment, Gold Segment: is the largest at 76% of fiscal 2024 revenue, growing 31% a year over 5 years.
By product, Refined silver and gold is the largest at 81% of fiscal 2025 revenue, growing 31% a year over 8 years.
Revenue by segment
Fiscal years, as Pan American Silver reports them in its 10-K filings; fiscal 2024 total $2.8B.
| Segments | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|---|---|
| Gold Segment: | $565M | $958M | $1.0B | $990M | $1.7B | $2.1B | 76% |
| Silver Segment: | $785M | $380M | $601M | $505M | $611M | $666M | 24% |
Revenue by product
Fiscal years, as Pan American Silver reports them in its 10-K filings; fiscal 2025 total $3.6B.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Refined silver and gold | $346M | $349M | $894M | $1.0B | $1.2B | $1.1B | $2.0B | $2.4B | $2.9B | 81% |
| Lead concentrate | $162M | $151M | $183M | $133M | $146M | $168M | $164M | $202M | $379M | 10% |
| Zinc concentrate | $140M | $155M | $135M | $65M | $119M | $98M | $83M | $101M | $153M | 4% |
| Silver concentrate | $54M | $43M | $59M | $43M | $58M | $57M | $60M | $75M | $101M | 3% |
| Copper concentrate | $115M | $87M | $79M | $50M | $133M | $65M | $55M | $72M | $56M | 2% |
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Where does Pan American Silver make its money?
In fiscal 2024, by segment: Gold Segment: $2.1B, Silver Segment: $666M.
From Pan American Silver's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.