Filing Flows › PAN American Silver (PAAS) › Q1 2025
PAN American Silver (PAAS) Q1 2025 earnings results (first quarter 2025)
6-K filed May 7, 2025
PAN American Silver (PAAS) reported revenue of $773M for the first quarter 2025 (Q1 2025), +29% from a year earlier. Operating margin was 21.9%, net earnings $169M (21.9% of revenue).
PAN American Silver, Q1 2025: revenue $773M (+29% year over year), operating margin 21.9%, net earnings $169M, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $773M | — | +29% |
| Operating profit | $169M | — | — |
| Net earnings | $169M | — | — |
| Operating cash flow | $175M | — | +186% |
What changed
Revenue was $773.2M in Q1 2025, up 29% year over year.
Operating profit was $169.3M, a 21.9% margin (up 27.0 points year over year). Total costs fell 4% while revenue rose 29%. Net earnings were $169.3M. The effective tax rate was 0.0%.
Operating cash flow was $174.8M (up 186% year over year), 103% of net earnings.
Questions
What was PAN American Silver's revenue in the first quarter 2025?
PAN American Silver (PAAS) reported revenue of $773M for the first quarter 2025 (Q1 2025), +29% from a year earlier.
Was PAN American Silver profitable in the first quarter 2025?
Operating profit was $169M (21.9% of revenue) and net earnings $169M.
Source: PAN American Silver 6-K on SEC EDGAR.