Business Segments Pan American Silver Corp.

Equities

PAAS

CA6979001089

Diversified Mining

Real-time Estimate TE Other stock markets 19:58:01 12/02/2026 GMT			5-day change	1st Jan Change
76.73 ^CAD	-5.63%		+6.83%	+7.72%

02-05	Steep pullback in precious metals bruises TSX	RE
02-05	Pan American Silver, Peers Lower After Silver Prices Slump	MT

Sales 2024 by Business Segment

Sales 2024 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (USD)

Fiscal Period: December	2020	2021	2022	2023	2024
Gold Ores
Brazil - Jacobina	-	-	-	288M	478M
Total Assets	-	-	-	2.51B	2.44B
CAPEX	-	-	-	-69.9M	-64.3M
D&A	-	-	-	86.9M	121M
Operating Income	-	-	-	70.7M	165M
Chile - El PeÃ±on	-	-	-	259M	398M
Total Assets	-	-	-	776M	732M
CAPEX	-	-	-	-18.6M	-36.9M
D&A	-	-	-	54.2M	75.1M
Operating Income	-	-	-	21M	105M
Peru - Shahuindo	270M	256M	266M	285M	335M
Total Assets	567M	591M	602M	604M	626M
CAPEX	-23.34M	-27.68M	-44.6M	-57.1M	-45.5M
D&A	40.56M	42.6M	44.5M	45.3M	50M
Operating Income	132M	98.16M	75.69M	95.7M	144M
Canada - Timmins	262M	239M	244M	261M	293M
Total Assets	414M	419M	382M	395M	418M
CAPEX	-20.75M	-42.3M	-37.65M	-46.9M	-51.6M
D&A	46.6M	39.77M	38.64M	39.8M	32.8M
Operating Income	58.12M	24.36M	18.8M	19.4M	55.5M
Mexico - Dolores	250M	343M	304M	268M	229M
Total Assets	753M	750M	415M	372M	193M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-44.86M	-40.57M	-35.86M	-8.7M	-700K
EBT	-	-	-	-	-
D&A	87.69M	106M	130M	114M	135M
Operating Income	15.56M	49.87M	-128M	20.6M	-91.6M
Net Income	-	-	-	-	-
Mineraflorida	-	-	-	155M	222M
Total Assets	-	-	-	220M	242M
CAPEX	-	-	-	-22.3M	-21.7M
D&A	-	-	-	33.3M	35.2M
Operating Income	-	-	-	-3.2M	31.9M
Peru - La Arena	176M	195M	176M	190M	193M
Total Assets	299M	317M	368M	384M	-
CAPEX	-37.32M	-45.48M	-47.97M	-21.2M	-17.1M
D&A	27.68M	41.36M	34.67M	32.4M	34.1M
Operating Income	75.67M	68.98M	37.32M	35.4M	46.6M
Silver Ores
Argentina - Cerro Moro	-	-	-	214M	241M
Total Assets	-	-	-	208M	226M
CAPEX	-	-	-	-25.4M	-12.2M
D&A	-	-	-	23.1M	35.5M
Operating Income	-	-	-	30.3M	9.2M
Total Assets	-	-	-	290M	-
Peru - Huaron	72.07M	155M	146M	145M	172M
Total Assets	113M	118M	123M	150M	232M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-4.5M	-10.9M	-15.57M	-36.2M	-56.5M
EBT	-	-	-	-	-
D&A	7.07M	11.56M	11.84M	12.9M	17.3M
Operating Income	25.39M	52.94M	33.38M	27.3M	44.6M
Net Income	-	-	-	-	-
Mexico - La Colorada	129M	130M	155M	122M	161M
Total Assets	231M	299M	375M	428M	471M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-29.39M	-65.53M	-91.68M	-63.9M	-55M
EBT	-	-	-	-	-
D&A	19.61M	20.5M	20.25M	22.1M	18.2M
Operating Income	39.55M	34.42M	36.1M	-27.7M	24.5M
Net Income	-	-	-	-	-
Bolivia - SAN Vicente	48.4M	80.45M	76.94M	91.5M	96.3M
Total Assets	83.67M	88.92M	82.51M	78.6M	125M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-4.88M	-5.34M	-7.16M	-3.8M	-5M
EBT	-	-	-	-	-
D&A	6.72M	9.28M	8.74M	9.5M	7.7M
Operating Income	5.92M	16.6M	8.6M	12.2M	24.5M
Net Income	-	-	-	-	-
Total Assets	289M	288M	291M	-	296M
CAPEX	-4.81M	-778K	-1.61M	-2.1M	-900K
Operating Income	-102M	-31.78M	-	-	-
Operating Income	-7.1M	-11.07M	-	-	-
Argentina - Manantial Espejo	84.05M	127M	105M	37.7M	-
Total Assets	75.11M	71.01M	47.77M	2.2M	2.1M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-10.79M	-7.58M	-4.26M	-200K	-
EBT	-	-	-	-	-
D&A	9.79M	16.03M	23.05M	2M	-
Operating Income	5.88M	4.54M	-30.65M	3.3M	-
Net Income	-	-	-	-	-
Alamo Dorado	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Net Income	-	-	-	-	-
Peru - Morococha	47.05M	109M	22.06M	-	-
Total Assets	121M	125M	102M	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-10.17M	-8.33M	-1.25M	-2.1M	-
EBT	-	-	-	-	-
D&A	7.2M	13.74M	2.33M	-	-
Operating Income	4.08M	19.78M	-915K	-	-
Net Income	-	-	-	-	-
Operating Income	-22.07M	36K	-	-	-
Operating Income	3.54M	5.39M	-	-	-
Operating Income	-36.38M	-34.85M	-	-	-
Total Assets	-	-	-	-	820M
CAPEX	-	-	-	-	-5.2M
D&A	-	-	-	-	8.6M
Operating Income	-	-	-	-	-8.6M
Diversified Metal Ores
Total Assets	63.86M	82.73M	86.18M	167M	190M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-560K	-980K	-1.51M	-2.7M	-1M
EBT	-	-	-	-	-
D&A	1.04M	1.31M	1.77M	2.1M	1.7M
Operating Income	-1.04M	-1.31M	-1.77M	-2.1M	-1.7M
Net Income	-	-	-	-	-
Total Assets	193M	193M	194M	192M	193M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-	-90K	-50K	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Net Income	-	-	-	-	-
Total Assets	231M	176M	179M	134M	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-297K	-332K	-348K	-4.5M	-
EBT	-	-	-	-	-
D&A	491K	407K	-439K	400K	-
Operating Income	-491K	-407K	-439K	-400K	-
Net Income	-	-	-	-	-
CAPEX	-	-	-	-35.9M	-
D&A	-	-	-	100K	-
Operating Income	-	-	-	-100K	-
Canada- Yamana Corp	-	-	-	200K	-
Total Assets	-	-	-	304M	-
CAPEX	-	-	-	-1.5M	-
D&A	-	-	-	5.8M	-
Operating Income	-	-	-	-5.6M	-

Geographical Revenue Distribution History

Geographical breakdown of sales (USD)

Fiscal Period: December	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024