Pan American Silver’s Revenue by Segment (2019-2023)

This statistic highlights Pan American Silver’s Revenue by Segment, split between Gold and Silver, reported quarterly from Q1 2019 onwards.

Pan American Silver’s Revenue by Segment

The revenue breakdown by segment for Pan American Silver Corporation provides insights into the company’s performance over the quarters.

Gold 

The Gold segment represents revenue from the sale of gold. This segment has shown consistent growth and contributed 65.28% to the total revenue in Q1 2023. The revenue from the Gold segment increased steadily from Q1 2022 to Q4 2022, but experienced a slight dip in Q1 2023. Fluctuations in gold prices and production levels could have influenced this change.

Silver 

The Silver segment includes revenue from the sale of silver. While smaller in comparison to the Gold segment, it still contributed significantly, accounting for 34.72% of the total revenue in Q1 2023. The revenue from the Silver segment showed fluctuations over the quarters, with a notable increase in Q1 2023. This upswing might be attributed to a surge in silver prices and higher production volumes.

Comparing Q1 2023 to the previous quarters, the total revenue saw an increase, primarily driven by the growth in the Silver segment. The rise in silver prices and strong demand for precious metals likely played a key role in this growth.

The contribution of both segments reflects Pan American Silver Corporation’s diversified portfolio in the precious metals market. The company’s focus on both gold and silver assets allows it to capitalize on price movements and market conditions for both metals, mitigating risks associated with a singular commodity focus.

In conclusion, Pan American Silver Corporation’s revenue breakdown by segment showcases its strong position in the precious metals market. The growth in both the Gold and Silver segments demonstrates the company’s ability to leverage market dynamics and capitalize on the demand for precious metals. By adopting a balanced approach and focusing on operational excellence, the company remains well-positioned for continued success in the mining industry.

Company Overview

Pan American Silver Corporation, with a diverse portfolio of mines and exploration projects engages in various activities, including exploration, development, extraction, processing, and refining. Listed on the Toronto Stock Exchange (Symbol: PAAS) and the New York Stock Exchange (Symbol: PAAS), Pan American Silver is dedicated to sustainable development, innovative practices, and maintaining strong relationships with stakeholders. 

With a focus on generating sustainable profits, replenishing mineral reserves, and fostering ethical business practices, Pan American Silver aims to be the world’s premier silver mining company, recognized for its excellence in discovery, engineering, and innovation.

The company serves a wide range of customers, including industrial buyers, precious metal traders, refiners, smelters, bullion dealers, and retailers, who rely on the company for their silver and gold supply needs. It faces market risks from metal price volatility, foreign exchange rate exposure, regulatory and environmental factors, as well as political and social risks, which can influence its product-wise revenue.

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