Pan American Silver annual free cash flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Pan American Silver Free Cash Flow (FCF) History (PAAS)
Pan American Silver reported $1.02B in free cash flow for fiscal 2025, an increase of 154.11% from the previous fiscal year, with a free cash flow margin of 28.16%.
View full Pan American Silver company overviewPan American Silver free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.02B | $618.0M | +154.11% | +28.16% |
| 2024 | 2024-12-31 | $401.0M | $329.8M | +463.20% | +14.22% |
| 2023 | 2023-12-31 | $71.2M | $314.1M | — | +3.07% |
| 2022 | 2022-12-31 | −$242.9M | −$391.5M | — | −16.25% |
| 2021 | 2021-12-31 | $148.6M | −$135.1M | −47.62% | +9.10% |
| 2020 | 2020-12-31 | $283.8M | $207.5M | +272.28% | +21.19% |
| 2019 | 2019-12-31 | $76.2M | $65.6M | +617.04% | +5.64% |
| 2018 | 2018-12-31 | $10.6M | −$71.7M | −87.09% | +1.36% |
| 2017 | 2017-12-31 | $82.3M | $70.2M | +577.98% | +10.08% |
| 2016 | 2016-12-31 | $12.1M | — | — | +1.57% |
Pan American Silver quarterly free cash flow
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $221.0M | −$13.0M | −5.56% | +19.66% |
| Q1 2026 | 2026-03-31 | $400.0M | $291.0M | +266.97% | +34.66% |
| Q4 2025 | 2025-12-31 | $461.6M | — | — | +39.14% |
| Q3 2025 | 2025-09-30 | $217.6M | — | — | +25.46% |
| Q2 2025 | 2025-06-30 | $234.0M | — | — | +28.82% |
| Q1 2025 | 2025-03-31 | $109.0M | — | — | +14.10% |
Pan American Silver free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $283.8M to $1.02B, a compound annual growth rate of 29.14%. Pan American Silver's latest reported quarter, Q2 2026, generated $221.0M in free cash flow, a decrease of 5.56% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Pan American Silver source filings ↗Community posts
Pan American Silver reports 511 million ounces of silver reserves
Pan American Silver ($PAAS) reported proven and probable reserves containing approximately 511.1 million ounces of silver and 6.3 million ounces of gold. The midyear estimate includes its 44% interest in Juanicipio, acquired through the ear ...
