• Pan American Silver average price to free cash flow ratio for 2023 was 17.48, a 32.93% increase from 2022.
• Pan American Silver average price to free cash flow ratio for 2022 was 13.15, a 43.29% increase from 2021.
• Pan American Silver average price to free cash flow ratio for 2021 was 23.19, a 7.01% decline from 2020.

Price to free cash flow ratio can be defined as