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

Pan American Silver (PAASF) recorded quarterly Change in Working Capital of -$29.0 million in Q1 2026, down 80655.56% quarter-over-quarter from $36000.0 in Q4 2025, and up 53.23% on a YoY basis from -$18.9 million in Q1 2025.

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

Pan American Silver's Change in Working Capital history runs 18 years deep, the most recent figure standing at -$29.0 million for 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 -$27.8 million (up 72.04% YoY), while the FY2025 annual figure was $29.0 million, down 71.84% from the prior year.
  • Change in Working Capital was -$29.0 million for Q1 2026 at Pan American Silver, down from $36000.0 in the prior quarter.
  • In the past five years, Change in Working Capital ranged from a high of $21.6 million in Q3 2022 to a low of -$66.0 million in Q1 2024.
  • Historically, Change in Working Capital has averaged -$13.8 million across 5 years, with a median of -$3.1 million in 2024.
  • The sharpest annual moves came in 2024 and 2025: Change in Working Capital plunged 925.0% in 2024, then soared 3500.0% in 2025.
  • A 5-year view of Change in Working Capital shows it stood at -$42.0 million in 2022, then soared by 100.1% to $41900.0 in 2023, then plunged by 97.61% to $1000.0 in 2024, then jumped by 3500.0% to $36000.0 in 2025, then tumbled by 80655.56% to -$29.0 million in 2026.
  • The last three Change in Working Capital figures came in at -$29.0 million (Q1 2026), $36000.0 (Q4 2025), and -$4.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -468,879.26
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn -302.00 Mn
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 19.34 Mn
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn -12.10 Mn
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn -7.30 Mn
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn -
8 Equinox Gold 47.64 Bn 47.14 Bn - -104.16 Mn
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn -
10 Pan American Silver - - 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 -4.30 Mn
Sep 30, 2025 -4.30 Mn
Jun 30, 2025 5.50 Mn
Jun 30, 2025 5.50 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 -3.10 Mn
Sep 30, 2024 -3.10 Mn
Jun 30, 2024 -34.20 Mn
Jun 30, 2024 -34.20 Mn
Mar 31, 2024 -66.00 Mn
Mar 31, 2024 -66.00 Mn
Dec 31, 2023 41,900.00
Dec 31, 2023 41,900.00