Pan American Silver (PAAS) Change in Working Capital (2009 - 2026)

Pan American Silver (PAAS) posted quarterly Change in Working Capital of -$29.0 million for Q1 2026, up 53.23% year-over-year from -$18.9 million in Q1 2025, and down 80655.56% on a QoQ basis from $36000.0 in Q4 2025.

Pan American Silver (PAAS) Change in Working Capital (2009 - 2026) Analysis & Trends

Pan American Silver (PAAS) has reported Change in Working Capital for 18 consecutive years, with -$29.0 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Change in Working Capital rose 53.23% year-over-year to -$29.0 million; the TTM figure through Mar 2026 stood at -$197.6 million (down 160.44% YoY), while the FY2025 annual figure was $29.0 million, down 71.84% from the prior year.
  • Change in Working Capital came in at -$29.0 million for Q1 2026 at Pan American Silver, down from $36000.0 in the prior quarter.
  • The five-year high for Change in Working Capital was $327.9 million in Q1 2023, with the low at -$462.0 million in Q3 2025.
  • Average Change in Working Capital over 5 years is -$10.1 million, with a median of $1000.0 recorded in 2024.
  • Across the five-year window, Change in Working Capital plunged 396.9% in 2023 and soared 3500.0% in 2025, its largest moves.
  • Year by year, Change in Working Capital stood at -$255.4 million in 2022, then jumped by 100.07% to $167400.0 in 2023, then slumped by 99.4% to $1000.0 in 2024, then jumped by 3500.0% to $36000.0 in 2025, then plunged by 80655.56% to -$29.0 million in 2026.
  • According to Business Quant data, Change in Working Capital over the past three periods registered -$29.0 million, $36000.0, and -$462.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn -302.00 Mn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn -
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -10.47 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 18.78 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -27.35 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 510.90 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn -7.30 Mn
10 Pan American Silver 18.70 Bn 17.09 Bn 608,000.00 -29.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -29.00 Mn
Mar 31, 2026 -29.00 Mn
Dec 31, 2025 36,000.00
Dec 31, 2025 36,000.00
Sep 30, 2025 -462.00 Mn
Sep 30, 2025 -462.00 Mn
Jun 30, 2025 293.40 Mn
Jun 30, 2025 293.40 Mn
Mar 31, 2025 -62.00 Mn
Mar 31, 2025 -62.00 Mn
Dec 31, 2024 1,000.00
Dec 31, 2024 1,000.00
Sep 30, 2024 226.20 Mn
Sep 30, 2024 226.20 Mn
Jun 30, 2024 162.70 Mn
Jun 30, 2024 162.70 Mn
Mar 31, 2024 -86.50 Mn
Mar 31, 2024 -86.50 Mn
Dec 31, 2023 167,400.00
Dec 31, 2023 167,400.00