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Pan American Silver

#2068

Rank

$7.56B

Marketcap

CA Canada

Country

Pan American Silver
Leadership team

Mr. Michael Steinmann P.GEO, P.Geo., Ph.D. (Pres, CEO & Director)

Mr. Steven Luis Busby (Chief Operating Officer)

Mr. Christopher Lemon (Gen. Counsel)

Products/ Services
Mining
Number of Employees
1,000 - 20,000
Headquarters
Vancouver, British Columbia, Canada
Established
1979
Company Registration
SEC CIK number: 0000771992
Revenue
Above - 1B
Traded as
PAAS
Social Media
Overview
Location
Summary
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.
History

Pan American Silver was founded in April 1994 by Ross Beaty. Beaty had previously founded and run Equinox Resources, which he eventually sold to an American mining company. It listed on NASDAQ in 1995 and acquired its Quiruvilca mine in the same year. In 1998, it acquired the La Colorada Mine in Mexico, and in 2000 it acquired the Huaron mine in Peru.In 2012, Pan American acquired Minefinders Corporation for C$1.5 billion; Minefinders principal asset was the Dolores Mine in Mexico. In 2018, it temporarily curtailed operations at its Dolores mine in Mexico, due to violence in the area.In 2020, research carried out by EJAtlas, MiningWatch Canada, Earthworks and the Institute for Policy Studies found that Pan-American Silver was involved in several environmental conflicts in Latin America and that these conflicts "demonstrate a lack of respect for communities defending their territories from mining."

Tahoe resources acquisition

In November 2018, Pan American announced it would acquire Tahoe Resources, a Nevada-based mining firm with mines in Latin America and Canada, for $1.1 billion or about $5 a share. Tahoe's largest asset was its shuttered Escobal Silver Mine in Guatemala, which faced widespread protests and had significant human rights violations where security guards shot locals, leading to a high profile court case. Markets reacted to the news, with Pan American's share price falling 12% whereas Tahoe's rose 50%.

Mission
To deliver superior returns to our shareholders by aggressively evaluating, investing in and operating silver mining operations while respecting the environment, our people and the communities in which we operate.
Vision
To be the world’s lowest cost silver mining company and an industry leader in environmental and social responsibility.
Key Team

Mr. Andres Dasso (Sr. VP of Mining Operations)

Mr. Ignacio Couturier (Chief Financial Officer)

Mr. Martin G. Wafforn P.Eng. (Sr. VP of Technical Services & Process Optimization)

Mr. Cameron Paterson (Sr. VP of Fin. & IT)

Mr. George Greer (Sr. VP of Project Devel.)

Mr. Sean McAleer (Sr. VP & MD of Guatemala)

Mr. Brent G. J. Bergeron (Sr. VP of Corp. Affairs & Sustainability)

Recognition and Awards
Pan American Silver has received numerous awards and honors for its commitment to safety, operational excellence, environmental stewardship, and corporate social responsibility. These include the John T. Ryan National Sustainability Award, the Mining Magazine Silver Award, and the Vancouver Sun/Genesis Environmental Award, among others.
References
Pan American Silver
Leadership team

Mr. Michael Steinmann P.GEO, P.Geo., Ph.D. (Pres, CEO & Director)

Mr. Steven Luis Busby (Chief Operating Officer)

Mr. Christopher Lemon (Gen. Counsel)

Products/ Services
Mining
Number of Employees
1,000 - 20,000
Headquarters
Vancouver, British Columbia, Canada
Established
1979
Company Registration
SEC CIK number: 0000771992
Revenue
Above - 1B
Traded as
PAAS
Social Media