- CEO
- Michael Steinmann
- Full Time Employees
- 9,000
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- Seymour Street Vancouver Canada V6C 0S6
- IPO Date
- Jan 8, 2021
- Business
- Pan American Silver Corp. (PAAS) is a leading producer of silver and gold in the Americas, operating a diversified portfolio of mines across Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina; the company also holds a 44% joint venture interest in the Juanicipio silver mine in Mexico, operated by Fresnillo plc, a 100% interest in the currently non-operating Escobal mine in Guatemala, and interests in exploration and development projects including the Larder project in Canada and the Deer Trail project in Utah, USA. Its core products include silver and gold bullion produced from operations such as the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, El Peñón, Minera Florida, Cerro Moro and Jacobina mines; the company also produces and sells zinc, lead and copper concentrates as by-products from polymetallic deposits. Founded in 1979 and headquartered in Vancouver, British Columbia, Canada, Pan American Silver focuses on silver-dominant production supplemented by gold assets, targeting industrial users, investors, refiners and manufacturers in global precious and base metals markets.
In a transformative transaction completed on September 4, 2025, Pan American Silver acquired MAG Silver Corp. for approximately $2.1 billion in a mix of cash and shares, adding the 44% interest in the tier-one Juanicipio mine--a large-scale, high-grade, low-cost silver operation in Zacatecas, Mexico--along with 100% ownership of the Larder exploration project and an option to earn 100% in the Deer Trail project, thereby strengthening its silver reserves by 58 million ounces (proven and probable), enhancing production capacity with an estimated 6.5-7.3 million attributable silver ounces in 2025, and bolstering free cash flow generation. This acquisition follows the 2023 purchase of Yamana Gold, which incorporated the Jacobina complex in Brazil, El Peñón and Minera Florida in Chile, and Cerro Moro in Argentina, and the 2019 acquisition of Tahoe Resources, adding La Arena, Shahuindo in Peru and Timmins West plus Bell Creek in Canada. These strategic moves have solidified Pan American Silver's position among the world's premier silver producers, with 452.3 million ounces of proven and probable silver reserves as of June 30, 2025, and ongoing exploration at under-explored assets like Juanicipio to drive future growth.