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

Pan American Silver (PAASF) posted quarterly Gross Margin of 52.69% for Q1 2026, up 2022.0% year-over-year from 2.48% in Q1 2025, and up 9.36% on a QoQ basis from 48.18% in Q4 2025.

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

Pan American Silver (PAASF) has reported Gross Margin for 18 consecutive years, with 52.69% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Gross Margin rose 2022.0% year-over-year to 52.69%; the TTM figure through Mar 2026 stood at 44.06% (up 1970.0% YoY), while the FY2025 annual figure was 38.82%, up 1935.0% from the prior year.
  • Gross Margin came in at 52.69% for Q1 2026 at Pan American Silver, up from 48.18% in the prior quarter.
  • The five-year high for Gross Margin was 52.69% in Q1 2026, with the low at 9.28% in Q2 2022.
  • Average Gross Margin over 5 years is 19.4%, with a median of 17.03% recorded in 2024.
  • Across the five-year window, Gross Margin sank 3625 bps in 2022 and soared 2548 bps in 2025, its largest moves.
  • Year by year, Gross Margin stood at 0.0% in 2022, then surged by 103661141 bps to 9.69% in 2023, then jumped by 134 bps to 22.7% in 2024, then surged by 112 bps to 48.18% in 2025, then increased by 9 bps to 52.69% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 52.69%, 48.18%, and 36.63% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 59.77%
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 61.79%
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 99.74%
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn 86.39%
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 77.58%
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn 54.68%
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 80.88%
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 59.87%
10 Pan American Silver - - 608,000.00 52.69%

Historic Data

Download Data
DateValue
Mar 31, 2026 52.69%
Dec 31, 2025 48.18%
Sep 30, 2025 36.63%
Jun 30, 2025 33.66%
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 10.04%
Jun 30, 2023 11.03%
Mar 31, 2023 19.78%
Dec 31, 2022 0.01%
Sep 30, 2022 -6.43%
Jun 30, 2022 -9,280,469.90%
Mar 31, 2022 15.19%
Dec 31, 2021 18.01%
Sep 30, 2021 21.48%
Jun 30, 2021 26.97%