Pan American Silver Corp (PAAS) Gross Margin (2009 - 2026)
Pan American Silver's Gross Margin was 40.66% in the quarter ended Jun 30, 2026, up 7.04 percentage points from 33.62% a year earlier and up 40.61 percentage points from the prior quarter.
Pan American Silver Corp (PAAS) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pan American Silver's Gross Margin was 27.66% through Jun 30, 2026, down 0.73 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 38.82%, up 19.35 percentage points from the prior year.
- Gross Margin has now increased for three consecutive years, with a five-year change of +11.92 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 19.47% in the year ended Dec 31, 2024 (+6.66 pp), 12.81% in the year ended Dec 31, 2023 (+9.58 pp), 3.24% in the year ended Dec 31, 2022 (-19.30 pp) and 22.53% in the year ended Dec 31, 2021 (-4.37 pp).
- Quarterly Gross Margin has moved between -9.30% (the quarter ended Jun 30, 2022) and 117.63% (the quarter ended Sep 30, 2022) over five years.
- Compared with a year earlier, Gross Margin was higher in six of the last eight quarters, with an average year-over-year change of -1.62 percentage points.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Jun 30, 2023 (a gain of 109.23 percentage points); the worst was the quarter ended Jun 30, 2024 (a drop of 82.90 percentage points).
- Per Business Quant data, PAAS's Gross Margin in the three quarters before the quarter ended Jun 30, 2026 was 0.05% (quarter ended Mar 31, 2026), 48.18% (quarter ended Dec 31, 2025) and 36.63% (quarter ended Sep 30, 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.66% |
| Mar 31, 2026 | 0.05% |
| Dec 31, 2025 | 48.18% |
| Sep 30, 2025 | 36.63% |
| Jun 30, 2025 | 33.62% |
| Mar 31, 2025 | 32.47% |
| Dec 31, 2024 | 22.70% |
| Sep 30, 2024 | 24.54% |
| Jun 30, 2024 | 17.03% |
| Mar 31, 2024 | 11.81% |
| Dec 31, 2023 | 9.69% |
| Sep 30, 2023 | 99.93% |
| Jun 30, 2023 | 99.94% |
| Mar 31, 2023 | 19.78% |
| Dec 31, 2022 | 3.24% |
| Sep 30, 2022 | 117.63% |
| Jun 30, 2022 | -9.30% |
| Mar 31, 2022 | 15.19% |
| Dec 31, 2021 | 18.01% |
| Sep 30, 2021 | 21.48% |
Pan American Silver Corp Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PAAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PAAS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PAAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();