Pan American Silver (TSX:PAAS) Other Operating Expense: C$193 Mil (TTM As of Mar. 2026)

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TSX:PAAS Pan American Silver Corp TSX:PAAS
80 GF Score
Price C$61.24
GF Value C$46.59
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Pan American Silver Other Operating Expense?

Pan American Silver TSX:PAAS +0.05% 80 Other Operating Expense is C$193 Mil as of Mar. 2026. GuruFocus rates TSX:PAAS with a GF Score™ of 80/100 and a GF Value™ of C$46.59 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Pan American Silver's Other Operating Expense for the three months ended in Mar. 2026 was C$12 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was C$193 Mil.

Pan American Silver's quarterly Other Operating Expense increased from Sep. 2025 (C$43 Mil) to Dec. 2025 (C$105 Mil) but then declined from Dec. 2025 (C$105 Mil) to Mar. 2026 (C$12 Mil).

Pan American Silver's annual Other Operating Expense declined from Dec. 2023 (C$205 Mil) to Dec. 2024 (C$184 Mil) but then increased from Dec. 2024 (C$184 Mil) to Dec. 2025 (C$208 Mil).

Pan American Silver Other Operating Expense Historical Data

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The historical data trend for Pan American Silver's Other Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pan American Silver Other Operating Expense Chart

Pan American Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.80 116.42 204.86 183.79 208.31

Pan American Silver Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.23 32.12 43.30 104.98 12.35
TSX:PAAS
80GF Score
Pan American Silver Corp TSX:PAAS
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Pan American Silver Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$193 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Other Operating Expense of C$193 Mil mean?
Pan American Silver (TSX:PAAS) has a Other Operating Expense of C$193 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Pan American Silver and its competitors.
Is Pan American Silver's Other Operating Expense too high?
Pan American Silver's current Other Operating Expense is C$193 Mil. Overall, Pan American Silver has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Other Operating Expense compare to NEM and AU?
Pan American Silver's Other Operating Expense of C$193 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a Metals & Mining company?
A good Other Operating Expense depends on the Metals & Mining industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Pan American Silver and its competitors. Pan American Silver's current Other Operating Expense is C$193 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan American Silver stock overvalued right now?
Based on GuruFocus' analysis, Pan American Silver (TSX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$46.59, compared to a current price of C$61.24 — trading 31.4% above its estimated fair value. The current Other Operating Expense is C$193 Mil. Pan American Silver's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Pan American Silver (TSX:PAAS), the current Other Operating Expense is C$193 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pan American Silver (TSX:PAAS) Overvalued in 2026?

Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued. The current stock price of C$61.24 is trading 31.4% above its estimated GF Value™ of C$46.59. GuruFocus considers Pan American Silver to be Significantly Overvalued.

Key valuation signals for TSX:PAAS:

  • Other Operating Expense: C$193 Mil
  • GF Value™: C$46.59 vs. price of C$61.24 (31.4% above fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the TSX:PAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pan American Silver Business Description

Address 733 Seymour Street, Suite 2100, Vancouver Centre II, Vancouver, BC, CAN, V6B0S6
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
80GF Score

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Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$61.24
Price
C$46.59
GF Value