Pan American Silver’s Revenue Breakdown (2016-2023)
Exclusive Data
You need the Pro Plan to access KPI data
- Full access to the platform
- KPI data & segment financials on US stocks
- Financial data on thousands of stocks
- Download data in xlsx and csv formats
Pro Plan
$49 per month*
60% discount ends in:
00
Days
00
Hours
00
Mins.
00
Seconds
https://businessquant.com/?p=48792&preview=true&aiEnableCheckShortcode=true
About
This statistic highlights Pan American Silver’s Revenue Breakdown, split between Copper, Silver (concentrate and refined), Lead, Zinc and Refined Gold, reported from Q1 2016 onwards.
More information
Contact the Analyst
Become a smarter investor today.
Access Business Quant for as low as $19/month
Become a smarter investor today.
Access KPIs & Segment Financials on US stocks
This statistic highlights Pan American Silver’s Revenue Breakdown, split between Copper, Silver (concentrate and refined), Lead, Zinc and Refined Gold, reported from Q1 2016 onwards.
Pan American Silver’s Revenue Breakdown
| Product Category | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 |
| Copper concentrate | 28,405,000 | 11,648,000 | 8,402,000 | 16,641,000 | 15,000,000 |
| Lead concentrate | 48,922,000 | 36,402,000 | 33,938,000 | 48,411,000 | 53,200,000 |
| Refined silver and gold | 317,397,000 | 250,007,000 | 258,629,000 | 280,760,000 | 278,900,000 |
| Silver concentrate | 16,883,000 | 14,209,000 | 11,941,000 | 13,782,000 | 13,700,000 |
| Zinc concentrate | 28,281,000 | 28,203,000 | 25,979,000 | 15,878,000 | 29,500,000 |
| Total | 439,888,000 | 340,469,000 | 338,889,000 | 375,472,000 | 390,300,000 |
Product-wise Revenue Breakdown:
In Q1 2023, Pan American Silver reported a total revenue of $390.3 million, distributed among various product categories as follows:
Refined Silver and Gold
71.46% ($278.9 million) – Refined silver and gold products constituted the largest share of revenue, reflecting the significance of precious metals in the company’s overall performance.
Lead concentrate
13.63% ($53.2 million) – Lead concentrate sales closely followed, contributing significantly to the total revenue.
Zinc concentrate
7.56% ($29.5 million) – Zinc concentrate revenue represented a notable portion of the company’s income.
Copper concentrate
3.84% ($15 million) – Copper concentrate sales made a modest contribution to the total revenue.
Silver concentrate
3.51% ($13.7 million) – Silver concentrate products constituted a smaller but still noteworthy part of the company’s revenue.
Q1 2023 Performance Analysis
Pan American Silver’s Q1 2023 revenue witnessed a significant decrease of $49.6 million compared to Q1 2022. This decline was attributed to two main factors:
1.Decreased Metal Sales Quantities
The company experienced quarter-over-quarter decreases in gold, silver, and copper sales by 10%, 9%, and 49%, respectively. Factors such as mine care and maintenance, limited production at specific mines, and lower gold production contributed to the decrease in metal quantities sold.
2.Lower Metal Prices, Except Gold
Realized prices for silver, zinc, and copper declined by 5%, 18%, and 9%, respectively. However, gold prices remained stable.
The company faced challenges in Q1 2023 due to decreased production levels and lower metal prices. Notably, the Morococha mine was placed on care and maintenance, while mining activities at the Manantial Espejo mine were completed. Despite these challenges, zinc sales increased due to normalized shipments following previous delays.
Pan American Silver Corporation’s revenue breakdown highlights the importance of refined silver and gold as the primary revenue drivers. However, the company faced challenges in Q1 2023, experiencing a decline in metal quantities sold and lower metal prices, except for gold. Pan American Silver continues to navigate these challenges while exploring opportunities to optimize its operations and enhance profitability.
Company Overview
Pan American Silver Corporation, headquartered in Vancouver, British Columbia, is a renowned mining company specializing in the extraction of silver and gold. With a global presence spanning Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil, the company engages in a wide range of activities, including exploration, development, extraction, processing, and refining.
Listed on both the Toronto Stock Exchange (Symbol: PAAS) and the New York Stock Exchange (Symbol: PAAS), Pan American Silver is committed to sustainable development, innovative practices, and fostering strong relationships with stakeholders. Striving to be recognized as the world’s premier silver mining company, it focuses on generating sustainable profits, replenishing mineral reserves, and upholding ethical business practices, all while showcasing excellence in discovery, engineering, and innovation.
Pan American Silver caters to a diverse customer base, which includes industrial buyers, precious metal traders, refiners, smelters, bullion dealers, and retailers who rely on the company for their silver and gold supply needs. However, the company faces various market risks, such as metal price volatility, foreign exchange rate exposure, regulatory and environmental factors, as well as political and social risks, which can significantly influence its revenue across different product lines.
Did you like Pan American Silver’s Revenue Breakdown statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
More data on US Stocks
All articles loaded
No more articles to load
Our Plans
Always know what you’ll pay. No hidden costs or surprises.
- Annual
- Monthly
60% discount until September 30
Pro
For serious investing
-
Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
-
Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
-
Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Enterprise
For tailored workflows
-
All of Pro plan Get unfettered access to all our dashboards and dossiers.
-
Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
* Billed annually, local taxes extra.
60% discount on Annual plan
Pro
For serious investing
-
Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
-
Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
-
Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Enterprise
For tailored workflows
-
All of Pro plan Get unfettered access to all our features.
-
Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
* Local taxes extra.
