Pan American Silver PAAS
NYSE PAAS
$51.06 -1.84 (-3.48%)
As of: Sep 10, 2026 · 10:20 AM EDT

Pan American Silver (PAAS) Gross Margin (2009 - 2026)

Pan American Silver (PAAS) posted Gross Margin of 40.66% for Q2 2026, up 77070.64% on a QoQ basis from 0.05% in Q1 2026, and up 704.0% year-over-year from 5.06% in Q2 2025.

Analysis

Pan American Silver (PAAS) Gross Margin (2009 - 2026) Analysis & Trends

Pan American Silver has reported Gross Margin for 18 years, with the latest figure at 40.66% in Q2 2026.

  • On a quarterly basis, Gross Margin rose 704.0% year-over-year to 40.66% in Q2 2026; TTM through Jun 2026 was 27.66%, a 73.0% decrease from a year earlier, with the FY2025 full-year figure at 38.82%, up 1935.0% from the prior year.
  • Gross Margin was 40.66% for Q2 2026 at Pan American Silver, up from 0.05% in the prior quarter.
  • The five-year high for Gross Margin was 1330190.61% in Q4 2023, with the low at 9.28% in Q2 2022.
  • Average Gross Margin over 5 years is 73915.6%, with a median of 18.41% recorded in 2023.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 133018737 bps in 2023, then plunged 133016791 bps in 2024.
  • Over 5 years, Gross Margin stood at 3.24% in 2022, then soared by 41079154 bps to 1330190.61% in 2023, then slumped by 100 bps to 22.7% in 2024, then soared by 112 bps to 48.18% in 2025, then slipped by 16 bps to 40.66% in 2026.
  • The last three Gross Margin figures came in at 40.66% (Q2 2026), 0.05% (Q1 2026), and 48.18% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Coeur Mining 21.01 Bn 19.96 Bn 535.85 Mn 49.36%
2 Pan American Silver 19.45 Bn 17.89 Bn 457,000.00 40.66%
3 Hecla Mining 13.52 Bn 13.03 Bn 332.52 Mn 99.60%
4 First Majestic Silver 9.69 Bn 8.44 Bn 223.62 Mn 53.82%
5 Endeavour Silver 3.00 Bn 2.77 Bn 74.00 Mn 34.89%
6 Silvercorp Metals 2.68 Bn 2.29 Bn 104.04 Mn 75.03%
7 Americas Gold & Silver 1.37 Bn 1.28 Bn 22.23 Mn 47.97%
8 Vizsla Silver 1.33 Bn 1.33 Bn - -
9 New Pacific Metals 1.00 Bn 1.00 Bn - -
10 Santacruz Silver Mining 884.12 Mn 817.10 Mn 51.14 Mn 45.07%
Historic Data

Historic Data

Download Data
DateValue
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 1,330,190.61%
Sep 30, 2023 0.01%
Jun 30, 2023 0.01%
Mar 31, 2023 19.78%
Dec 31, 2022 3.24%
Sep 30, 2022 -6.43%
Jun 30, 2022 -9.28%
Mar 31, 2022 15.19%
Dec 31, 2021 18.01%
Sep 30, 2021 21.48%