• Pan American Silver average price to free cash flow ratio for 2023 was 17.4, a 32.93% increase from 2022.
• Pan American Silver average price to free cash flow ratio for 2022 was 13.09, a 43.31% increase from 2021.
• Pan American Silver average price to free cash flow ratio for 2021 was 23.09, a 7.05% decline from 2020.

Price to free cash flow ratio can be defined as