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page-id-44 page-parent wp-embed-responsive cookies-not-set"><header id="site-header" class="d-print-none" role="banner" aria-label="Site Header"><div class="gradient-overlay"></div><div class="container header-container"><div class="row align-content-center justify-content-between header-row"><div class="col-auto header-logo"> <a href="/"><img src="https://panamericansilver.com/wp-content/uploads/2022/03/pas-logo-reverse.svg" class="pas-header-logo" width="257" height="52" alt="Pan American Silver Logo" /></a></div><div class="col-auto header-navigation"><div class="row align-content-center header-navigation-row"><div class="col-auto desktop-navigation"><ul class="desktop-navigation-top-level"><li class="desktop-navigation-item "> <a class="menu-link menu-link-top-level" href="https://panamericansilver.com/about/" aria-haspopup="true" aria-expanded="false">About</a><div class="desktop-navigation-sub-row" style="display: none;"><div class="desktop-navigation-sub-content"><div class="desktop-navigation-sub-col desktop-navigation-sub-col-left"><div class="desktop-navigation-main-section-content"><p class="desktop-navigation-main-section-title">About</p><div class="desktop-navigation-main-section-description"><p>Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.</p></div></div></div><div class="desktop-navigation-sub-col desktop-navigation-sub-col-nav"><ul class="desktop-navigation-sub-level"><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/about/" >Overview</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/about/our-purpose-and-values/" >Our Purpose & Values</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/about/leadership/" >Leadership</a></li><li 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href="https://panamericansilver.com/about/our-purpose-and-values/">Our Purpose & Values</a></p><div class="menu-featured-page-description"><p>We produce the metals people need as the world moves towards decarbonization and electrification.</p></div><p class="menu-featured-page-link"> <a href="https://panamericansilver.com/about/our-purpose-and-values/" class="with-block teal">Learn More <span class="sr-only">about Our Purpose & Values</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 28.33 17.08" class="pas-arrow-right-short teal"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" stroke-width="2" class="cls-1" d="M0,8.54H26.86m-8.4,7.81,8.4-7.81L18.46.73"/></g></g></svg></a></p></div></div></div></li><li class="desktop-navigation-item "> <a class="menu-link menu-link-top-level" href="https://panamericansilver.com/operations/" aria-haspopup="true" aria-expanded="false">Operations</a><div class="desktop-navigation-sub-row" style="display: none;"><div class="desktop-navigation-sub-content"><div class="desktop-navigation-sub-col desktop-navigation-sub-col-left"><div class="desktop-navigation-main-section-content"><p class="desktop-navigation-main-section-title">Operations</p><div class="desktop-navigation-main-section-description"><p>Pan American Silver has a diversified portfolio of mining and exploration assets located throughout the Americas.</p></div></div></div><div class="desktop-navigation-sub-col desktop-navigation-sub-col-nav"><ul class="desktop-navigation-sub-level"><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/operations/" >Overview</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/operations/our-products/" >Our Products</a></li><li class="desktop-navigation-sub-item has-submenu " data-target-id="submenu-110"> <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/operations/silver-segment/" aria-haspopup="true" aria-expanded="false">Silver Segment</a></li><li class="desktop-navigation-sub-item has-submenu " data-target-id="submenu-116"> <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/operations/gold-segment/" aria-haspopup="true" aria-expanded="false">Gold Segment</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/operations/reserves-and-resources/" >Reserves & Resources</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/operations/exploration-and-investment-interests/" >Other Portfolio Assets</a></li></ul><ul class="desktop-navigation-sub-sub-level" data-id="submenu-110"><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/silver-segment/la-colorada/">La Colorada</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/silver-segment/cerro-moro/">Cerro Moro</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/silver-segment/huaron/">Huaron</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/silver-segment/san-vicente/">San Vicente</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/silver-segment/escobal/">Escobal</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/silver-segment/la-colorada-skarn/">La Colorada Skarn</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/silver-segment/navidad/">Navidad</a></li></ul><ul class="desktop-navigation-sub-sub-level" data-id="submenu-116"><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/gold-segment/jacobina/">Jacobina</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/gold-segment/el-penon/">El Peñon</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/gold-segment/timmins/">Timmins</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/gold-segment/shahuindo/">Shahuindo</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/gold-segment/minera-florida/">Minera Florida</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/operations/gold-segment/dolores/">Dolores</a></li></ul></div><div class="desktop-navigation-sub-col desktop-navigation-sub-col-right"> <noscript><img src="https://panamericansilver.com/wp-content/uploads/2022/03/Our-Products-400x200.jpg" class="menu-featured-page-image" alt="Pan American Silver Employee Inspecting Product" /></noscript><img src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/03/Our-Products-400x200.jpg" class="lazyload menu-featured-page-image" alt="Pan American Silver Employee Inspecting Product" /><p class="menu-featured-page-title"><a href="https://panamericansilver.com/operations/our-products/">Our Products</a></p><div class="menu-featured-page-description"><p>Pan American Silver produces silver, gold, zinc, lead, and copper through mines across the Americas.</p></div><p class="menu-featured-page-link"> <a href="https://panamericansilver.com/operations/our-products/" class="with-block teal">Learn More <span class="sr-only">about Our Products</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 28.33 17.08" class="pas-arrow-right-short teal"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" stroke-width="2" class="cls-1" d="M0,8.54H26.86m-8.4,7.81,8.4-7.81L18.46.73"/></g></g></svg></a></p></div></div></div></li><li class="desktop-navigation-item "> <a class="menu-link menu-link-top-level" href="https://panamericansilver.com/sustainability/" aria-haspopup="true" aria-expanded="false">Sustainability</a><div class="desktop-navigation-sub-row" style="display: none;"><div class="desktop-navigation-sub-content"><div class="desktop-navigation-sub-col desktop-navigation-sub-col-left"><div class="desktop-navigation-main-section-content"><p class="desktop-navigation-main-section-title">Sustainability</p><div class="desktop-navigation-main-section-description"><p>Pan American is committed to conducting its business in a responsible and sustainable manner.</p></div></div></div><div class="desktop-navigation-sub-col desktop-navigation-sub-col-nav"><ul class="desktop-navigation-sub-level"><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/sustainability/" >Overview</a></li><li class="desktop-navigation-sub-item has-submenu " data-target-id="submenu-127"> <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/sustainability/our-approach-and-performance/" aria-haspopup="true" aria-expanded="false">Our Approach & Performance</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/sustainability/sustainability-reporting/" >Sustainability Reporting</a></li><li class="desktop-navigation-sub-item has-submenu " data-target-id="submenu-129"> <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/sustainability/environment/" aria-haspopup="true" aria-expanded="false">Environment</a></li><li class="desktop-navigation-sub-item has-submenu " data-target-id="submenu-130"> <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/sustainability/social/" aria-haspopup="true" aria-expanded="false">Social</a></li><li class="desktop-navigation-sub-item has-submenu " data-target-id="submenu-131"> <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/sustainability/governance/" aria-haspopup="true" aria-expanded="false">Governance</a></li></ul><ul class="desktop-navigation-sub-sub-level" data-id="submenu-127"><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/our-approach-and-performance/management-approach-to-esg/">Management Approach to ESG</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/our-approach-and-performance/human-rights/">Human Rights</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/our-approach-and-performance/policies-and-commitments/">Policies & Commitments</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/our-approach-and-performance/goals-performance/">Goals & Performance</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/our-approach-and-performance/un-sustainable-development-goals/">UN Sustainable Development Goals</a></li></ul><ul class="desktop-navigation-sub-sub-level" data-id="submenu-129"><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/environment/water/">Water Stewardship</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/environment/biodiversity/">Biodiversity and Land Use</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" href="https://panamericansilver.com/sustainability/environment/climate-change-energy/">Energy and GHG Emissions</a></li><li class="desktop-navigation-sub-sub-item "> <a class="menu-link menu-link-sub-sub-level" 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Ethics</a></li></ul></div><div class="desktop-navigation-sub-col desktop-navigation-sub-col-right"> <noscript><img src="https://panamericansilver.com/wp-content/uploads/2022/04/Sustainability-Reporting-400x200.jpg" class="menu-featured-page-image" alt="Hands Tending to Garden" /></noscript><img src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/04/Sustainability-Reporting-400x200.jpg" class="lazyload menu-featured-page-image" alt="Hands Tending to Garden" /><p class="menu-featured-page-title"><a href="https://panamericansilver.com/sustainability/sustainability-reporting/">Sustainability Reporting</a></p><div class="menu-featured-page-description"><p>Browse through Pan American Silver’s current and past sustainability reporting.</p></div><p class="menu-featured-page-link"> <a href="https://panamericansilver.com/sustainability/sustainability-reporting/" class="with-block teal">Learn More <span class="sr-only">about Sustainability Reporting</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 28.33 17.08" class="pas-arrow-right-short teal"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" stroke-width="2" class="cls-1" d="M0,8.54H26.86m-8.4,7.81,8.4-7.81L18.46.73"/></g></g></svg></a></p></div></div></div></li><li class="desktop-navigation-item current-page-parent"> <a class="menu-link menu-link-top-level" href="https://panamericansilver.com/invest/" aria-haspopup="true" aria-expanded="false">Invest</a><div class="desktop-navigation-sub-row" style="display: none;"><div class="desktop-navigation-sub-content"><div class="desktop-navigation-sub-col desktop-navigation-sub-col-left"><div class="desktop-navigation-main-section-content"><p class="desktop-navigation-main-section-title">Invest</p><div class="desktop-navigation-main-section-description"><p>Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.</p></div></div></div><div class="desktop-navigation-sub-col desktop-navigation-sub-col-nav"><ul class="desktop-navigation-sub-level"><li class="desktop-navigation-sub-item current-page-item" > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/invest/" >Overview</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/invest/financial-reports-and-filings/" >Financial Reports & Filings</a></li><li class="desktop-navigation-sub-item " > <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/invest/events-and-presentations/" >Events & Presentations</a></li><li class="desktop-navigation-sub-item has-submenu " data-target-id="submenu-135"> <a class="menu-link menu-link-sub-level" href="https://panamericansilver.com/invest/shareholder-information/" 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banner-container"><div class="row banner-content left"><div class="col-11 col-md-9 banner-text"><h1 id="video-banner-block_8714150400f86f689915b76db3ce2a43-title" class="video-banner-heading">Invest</h1><div class="video-banner-description"><p>Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.</p></div></div></div></div><div class="linear-gradient"></div></header><div id="at-a-glance-block_21b24c90d1ac047534de4fc09e338b12" class="at-a-glance-wrapper overlay-wrapper block-wrapper-margin "><div class="at-a-glance stocks"><div class="at-a-glance-stocks"><div class="stock-prices at-a-glance-stock"> <span class="stock-name">NYSE: PAAS</span> <span class="stock-value">$24.46</span> <span class="stock-currency">USD</span><hr class="medium silver margin-small" /></div><div class="stock-prices at-a-glance-stock"> <span class="stock-name">TSX: PAAS</span> <span class="stock-value">$34.63</span> <span class="stock-currency">CAD</span><hr class="medium silver margin-small" /></div><div class="stock-prices at-a-glance-stock"> <span class="stock-name">Silver (Spot)</span> <span class="stock-value">$32.16</span> <span class="stock-currency">USD</span></div><div class="stock-prices at-a-glance-stock"> <span class="stock-name">Gold (Spot)</span> <span class="stock-value">$2,884.28</span> <span class="stock-currency">USD</span></div></div></div></div><section id="icon-cards-block_e1e008394c5569a8c76f048ee39d2d78" class="icon-cards-wrapper block-wrapper-margin full-width-container " role="region" aria-labelledby="icon-cards-block_e1e008394c5569a8c76f048ee39d2d78-title"><div class="container"><div class="row"><div class="col-12"><div class="icon-cards"><h2 id="icon-cards-block_e1e008394c5569a8c76f048ee39d2d78-title" class="icon-cards-heading gold uppercase">Why Invest in Pan American Silver</h2><div class="icon-cards-description"><p>Pan American is the preferred investment for silver exposure.</p></div><div class="icon-cards-grid" data-aos="fade-up"><div class="icon-card-module light-blue"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-silver-reserves-navy.svg" width="100" height="100" class="icon-card-icon" alt="Silver Reserves Icon" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20100%20100%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-silver-reserves-navy.svg" width="100" height="100" class="lazyload icon-card-icon" alt="Silver Reserves Icon" loading="lazy" /><div class="icon-card-content"><h3 class="icon-card-heading">Long-life silver reserves</h3></div></div><div class="icon-card-module light-blue"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-silver-growth-navy.svg" width="100" height="100" class="icon-card-icon" alt="Silver Growth Icon" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20100%20100%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-silver-growth-navy.svg" width="100" height="100" class="lazyload icon-card-icon" alt="Silver Growth Icon" loading="lazy" /><div class="icon-card-content"><h3 class="icon-card-heading">Major catalysts for silver growth</h3></div></div><div class="icon-card-module light-blue"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-diversified-assets-navy.svg" width="100" height="100" class="icon-card-icon" alt="Diversified Assets Icon" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20100%20100%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-diversified-assets-navy.svg" width="100" height="100" class="lazyload icon-card-icon" alt="Diversified Assets Icon" loading="lazy" /><div class="icon-card-content"><h3 class="icon-card-heading">Diversified assets</h3></div></div><div class="icon-card-module light-blue"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-management-navy.svg" width="100" height="100" class="icon-card-icon" alt="Management Icon" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20100%20100%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-management-navy.svg" width="100" height="100" class="lazyload icon-card-icon" alt="Management Icon" loading="lazy" /><div class="icon-card-content"><h3 class="icon-card-heading">Experienced management team</h3></div></div><div class="icon-card-module light-blue"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-balance-sheet-navy.svg" width="100" height="100" class="icon-card-icon" alt="Balance Sheet Icon" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20100%20100%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-balance-sheet-navy.svg" width="100" height="100" class="lazyload icon-card-icon" alt="Balance Sheet Icon" loading="lazy" /><div class="icon-card-content"><h3 class="icon-card-heading">Strong balance sheet</h3></div></div><div class="icon-card-module light-blue"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-dividend-navy.svg" width="100" height="100" class="icon-card-icon" alt="Dividend Icon" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20100%20100%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-icon-dividend-navy.svg" width="100" height="100" class="lazyload icon-card-icon" alt="Dividend Icon" loading="lazy" /><div class="icon-card-content"><h3 class="icon-card-heading">Dividend linked to financial performance</h3></div></div></div></div></div></div></div></section><p>President and CEO, Michael Steinmann, and Chief Operating Officer, Steve Busby, recently sat down with an analyst at Valpal Investment & Research to discuss the investment thesis for Pan American Silver, the Company’s operations and its strategy going forward.</p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"> <iframe title="Pan American Silver: Investor Update" width="500" height="281" src="https://www.youtube.com/embed/rGHL05a1_X8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></div></figure><div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div><section id="latest-news-feed-block_c2863037dfd059217fd3e2269b74237b" class="latest-news-feed-wrapper full-width-container block-wrapper-margin " role="region" aria-labelledby="latest-news-feed-block_c2863037dfd059217fd3e2269b74237b-title"><div class="latest-news-feed"><div class="container expanded-container latest-news-feed-container"><div class="row align-items-stretch latest-news-feed-row left"><div class="col-10 col-lg-6 latest-news-feed-image"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/04/pas-employees-in-mine-800x600.jpg" width="800" height="600" alt="Pan American Silver Employees Working in Mine" loading="lazy" /></noscript><img class="lazyload" decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20800%20600%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/04/pas-employees-in-mine-800x600.jpg" width="800" height="600" alt="Pan American Silver Employees Working in Mine" loading="lazy" /></div><div class="col-12 col-lg-6 latest-news-feed-content"><h2 id="latest-news-feed-block_c2863037dfd059217fd3e2269b74237b-title" class="latest-news-feed-heading">Latest News</h2><div class="latest-news-feed-link"> <a href="https://panamericansilver.com/news/" class="with-block stone">View All News Releases <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long stone"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg></a></div><article class="latest-news-release" role="article"><p class="latest-news-release-date">January 15, 2025</p><h3 class="latest-news-release-title"><a href="https://panamericansilver.com/news/pan-american-silver-achieves-2024-production-guidance-and-enters-2025-with-a-record-cash-balance/">Pan American Silver achieves 2024 production guidance and enters 2025 with a record cash balance <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 28.33 17.08" class="pas-arrow-right-short gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" stroke-width="2" class="cls-1" d="M0,8.54H26.86m-8.4,7.81,8.4-7.81L18.46.73"/></g></g></svg></a></h3></article><article class="latest-news-release" role="article"><p class="latest-news-release-date">January 15, 2025</p><h3 class="latest-news-release-title"><a href="https://panamericansilver.com/news/pan-american-silver-achieves024-production-guidance-and-enters025-with-a-record-cash-balance/">Pan American Silver achieves 2024 production guidance and enters 2025 with a record cash balance <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 28.33 17.08" class="pas-arrow-right-short gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" stroke-width="2" class="cls-1" d="M0,8.54H26.86m-8.4,7.81,8.4-7.81L18.46.73"/></g></g></svg></a></h3></article><article class="latest-news-release" role="article"><p class="latest-news-release-date">December 9, 2024</p><h3 class="latest-news-release-title"><a href="https://panamericansilver.com/news/pan-american-silver-provides-annual-exploration-update-3/">Pan American Silver Provides Annual Exploration Update <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 28.33 17.08" class="pas-arrow-right-short gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" stroke-width="2" class="cls-1" d="M0,8.54H26.86m-8.4,7.81,8.4-7.81L18.46.73"/></g></g></svg></a></h3></article></div></div></div></div></section><section id="upcoming-events-and-latest-presentation-block_05e9a81d99e996ad464c47383bd09410" class="upcoming-events-and-latest-presentation-wrapper full-width-container block-wrapper-margin " role="region" aria-labelledby="upcoming-events-and-latest-presentation-block_05e9a81d99e996ad464c47383bd09410-title"><div class="container"><div class="row"><div class="col-12"><div class="upcoming-events-and-latest-presentation" data-aos="fade-up"><div class="row justify-content-between"><div class="col-12 col-lg-7 upcoming-events"><h2 id="upcoming-events-and-latest-presentation-block_05e9a81d99e996ad464c47383bd09410-title" class="upcoming-events-and-latest-presentation-heading">Upcoming Events</h2><ul class="upcoming-events-list"><li class="upcoming-event-module"> <span class="upcoming-event-date">February 19, 2025</span><h3 class="upcoming-event-title"> Fourth Quarter and Year-end 2024 Financial Results</h3></li><li class="upcoming-event-module"> <span class="upcoming-event-date">February 20, 2025</span><h3 class="upcoming-event-title"> Fourth Quarter and Year-end 2024 Financial Results Conference Call and Webcast</h3></li><li class="upcoming-event-module"> <span class="upcoming-event-date">May 7, 2025</span><h3 class="upcoming-event-title"> First Quarter 2025 Unaudited Financial Results</h3></li></ul><div class="upcoming-events-and-latest-presentation-link"> <a href="https://panamericansilver.com/invest/events-and-presentations/" class="with-block stone">See All Upcoming Events & Presentations <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long stone"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg></a></div></div><div class="col-12 col-lg-5 latest-presentation"><h2 class="latest-presentation-heading">Investor Presentation – January 2025</h2> <a href="https://panamericansilver.com/wp-content/uploads/2025/01/PAAS-Investor-Presentation_Jan_2025.pdf" class="latest-presentation-thumbnail-link"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2024/04/2024-external-presentation-thumbnail-992x555.jpg" width="992" height="555" class="latest-presentation-thumbnail" alt="" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20555%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2024/04/2024-external-presentation-thumbnail-992x555.jpg" width="992" height="555" class="lazyload latest-presentation-thumbnail" alt="" loading="lazy" /> </a> <a href="https://panamericansilver.com/wp-content/uploads/2025/01/PAAS-Investor-Presentation_Jan_2025.pdf" class="with-block stone latest-presentation-link"> Download PDF <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 34.48 8.18" class="pas-arrow-right-medium stone"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H33.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg></a></div></div></div></div></div></div></section><section id="current-year-reports-block_3e1b2da4e0de8ba6233140ad3c774faa" class="current-year-reports-wrapper full-width-container block-wrapper-margin editor-padding " role="region" aria-labelledby="current-year-reports-block_3e1b2da4e0de8ba6233140ad3c774faa-title"><div class="current-year-reports light-blue"><div class="container"><div class="row justify-content-center"><div class="col-12"><h2 id="current-year-reports-block_3e1b2da4e0de8ba6233140ad3c774faa-title" class="current-year-reports-heading">2023 Reports</h2></div><div class="col-12 col-lg-6 current-year-report-column annual-report"><div class="current-year-report-link"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2024/04/Annual-Report-2023_PAS-Thumbnail-600x770.png" width="600" height="770" class="current-year-report-thumbnail" alt="" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20600%20770%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2024/04/Annual-Report-2023_PAS-Thumbnail-600x770.png" width="600" height="770" class="lazyload current-year-report-thumbnail" alt="" loading="lazy" /><div class="current-year-reports-page-link show-for-desktop"> <a href="https://panamericansilver.com/invest/financial-reports-and-filings/" class="pas-button hollow">View All Financial Reports & Filings</a></div></div><div class="current-year-report-content"><h3 class="current-year-report-title"> <a href="https://panamericansilver.com/wp-content/uploads/2024/04/Annual-Report-2023_Pan-American-Silver-1.pdf"> 2023 Annual Report </a></h3><p class="current-year-report-text-link"> <a href="https://panamericansilver.com/wp-content/uploads/2024/04/Annual-Report-2023_Pan-American-Silver-1.pdf" class="flex-link"> Read the Report <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 34.48 8.18" class="pas-arrow-right-medium medium-grey"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H33.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></p><div class="current-year-reports-page-link show-for-mobile"> <a href="https://panamericansilver.com/invest/financial-reports-and-filings/" class="pas-button hollow">View All Financial Reports & Filings</a></div></div></div><div class="col-12 col-lg-6 current-year-report-column sustainability-report"><div class="current-year-report-link"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2024/05/2023-SR-Thumbnail-600x770.png" width="600" height="770" class="current-year-report-thumbnail" alt="" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20600%20770%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2024/05/2023-SR-Thumbnail-600x770.png" width="600" height="770" class="lazyload current-year-report-thumbnail" alt="" loading="lazy" /><div class="current-year-reports-page-link show-for-desktop"> <a href="https://panamericansilver.com/sustainability/sustainability-reporting/" class="pas-button hollow">View All Sustainability Reports</a></div></div><div class="current-year-report-content"><h3 class="current-year-report-title"> <a href="https://panamericansilver.com/wp-content/uploads/2024/05/PAS-Sustainability-Report-2023.pdf"> 2023 Sustainability Report </a></h3><p class="current-year-report-text-link"><a href="https://panamericansilver.com/wp-content/uploads/2024/05/PAS-Sustainability-Report-2023.pdf" class="flex-link"> Read the Report <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 34.48 8.18" class="pas-arrow-right-medium medium-grey"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H33.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg></a></p><div class="current-year-reports-page-link show-for-mobile"> <a href="https://panamericansilver.com/sustainability/sustainability-reporting/" class="pas-button hollow">View All Sustainability Reports</a></div></div></div></div></div></div></section><div id="call-to-action-cards-block_c46fb335cba0a8e583202defb375970d" class="call-to-action-cards-wrapper block-wrapper-margin three-column-container left "><div class="call-to-action-cards"><div class="call-to-action-cards-container"><div class="call-to-action-card call-to-action-card-multiple call-to-action-card-third sand" data-aos="fade-up"><div class="call-to-action-card-image"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2023/08/HR-PAAS-OB-Photo-20230418-Press-14-992x580.jpg" width="992" height="580" alt="Pan American Silver Mining Operation at Dusk" class="call-to-action-card-thumbnail show-for-mobile" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20580%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2023/08/HR-PAAS-OB-Photo-20230418-Press-14-992x580.jpg" width="992" height="580" alt="Pan American Silver Mining Operation at Dusk" class="lazyload call-to-action-card-thumbnail show-for-mobile" loading="lazy" /> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2023/08/HR-PAAS-OB-Photo-20230418-Press-14-800x730.jpg" width="800" height="430" alt="Pan American Silver Mining Operation at Dusk" class="call-to-action-card-thumbnail show-for-desktop" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20800%20430%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2023/08/HR-PAAS-OB-Photo-20230418-Press-14-800x730.jpg" width="800" height="430" alt="Pan American Silver Mining Operation at Dusk" class="lazyload call-to-action-card-thumbnail show-for-desktop" loading="lazy" /></div><div class="call-to-action-card-content-wrapper"><div class="call-to-action-card-content-container sand"><div class="call-to-action-card-content sand"><h2 class="call-to-action-card-title"><a href="https://panamericansilver.com/invest/shareholder-information/">Shareholder Information</a></h2><p>We are delighted to provide a dedicated section to our valued shareholders seeking out investor information.</p><p class="call-to-action-card-link"> <a href="https://panamericansilver.com/invest/shareholder-information/" class="with-block gold"> Learn More<span class="sr-only">about Shareholder Information</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></p></div></div></div></div><div class="call-to-action-card call-to-action-card-multiple call-to-action-card-third sand" data-aos="fade-up"><div class="call-to-action-card-image"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/03/Analyst-Coverage-992x580.jpg" width="992" height="580" alt="Two Pan American Silver Mine Employees Among Transportation Machinery" class="call-to-action-card-thumbnail show-for-mobile" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20580%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/03/Analyst-Coverage-992x580.jpg" width="992" height="580" alt="Two Pan American Silver Mine Employees Among Transportation Machinery" class="lazyload call-to-action-card-thumbnail show-for-mobile" loading="lazy" /> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/03/Analyst-Coverage-800x730.jpg" width="800" height="430" alt="Two Pan American Silver Mine Employees Among Transportation Machinery" class="call-to-action-card-thumbnail show-for-desktop" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20800%20430%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/03/Analyst-Coverage-800x730.jpg" width="800" height="430" alt="Two Pan American Silver Mine Employees Among Transportation Machinery" class="lazyload call-to-action-card-thumbnail show-for-desktop" loading="lazy" /></div><div class="call-to-action-card-content-wrapper"><div class="call-to-action-card-content-container sand"><div class="call-to-action-card-content sand"><h2 class="call-to-action-card-title"><a href="https://panamericansilver.com/invest/analyst-coverage/">Analyst Coverage</a></h2><p>There are a number of analysts that cover Pan American Silver and we have provided a list for informational purposes only.</p><p class="call-to-action-card-link"> <a href="https://panamericansilver.com/invest/analyst-coverage/" class="with-block gold"> Learn More<span class="sr-only">about Analyst Coverage</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></p></div></div></div></div><div class="call-to-action-card call-to-action-card-multiple call-to-action-card-third sand" data-aos="fade-up"><div class="call-to-action-card-image"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/04/Interactive-Analyst-Center-992x580.jpg" width="992" height="580" alt="Pan American Silver Employees Working with Heavy Machinery in Mine" class="call-to-action-card-thumbnail show-for-mobile" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20580%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/04/Interactive-Analyst-Center-992x580.jpg" width="992" height="580" alt="Pan American Silver Employees Working with Heavy Machinery in Mine" class="lazyload call-to-action-card-thumbnail show-for-mobile" loading="lazy" /> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/04/Interactive-Analyst-Center-800x730.jpg" width="800" height="430" alt="Pan American Silver Employees Working with Heavy Machinery in Mine" class="call-to-action-card-thumbnail show-for-desktop" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20800%20430%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/04/Interactive-Analyst-Center-800x730.jpg" width="800" height="430" alt="Pan American Silver Employees Working with Heavy Machinery in Mine" class="lazyload call-to-action-card-thumbnail show-for-desktop" loading="lazy" /></div><div class="call-to-action-card-content-wrapper"><div class="call-to-action-card-content-container sand"><div class="call-to-action-card-content sand"><h2 class="call-to-action-card-title"><a href="https://panamericansilver.com/invest/interactive-analyst-center/">Interactive Analyst Center</a></h2><p>Please visit our Interactive Analyst Center where you may view and export financial data, as well as building your own custom charts.</p><p class="call-to-action-card-link"> <a href="https://panamericansilver.com/invest/interactive-analyst-center/" class="with-block gold"> Learn More<span class="sr-only">about Interactive Analyst Center</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></p></div></div></div></div></div></div></div><h2 class="wp-block-heading">Sustainability in Practice</h2><section id="sustainability-case-studies-carousel-block_a4afeefd2d723437e2c855aa9368d911" class="sustainability-case-studies-carousel-wrapper full-width-container block-wrapper-margin carousel-wrapper " role="region" aria-label="Sustainability Case Studies"><div class="sustainability-case-studies-carousel"><div class="container carousel-container"><div class="row carousel-row"><div class="col-12 carousel-col"><div class="slick-carousel arrow-gold sustainability-case-studies-carousel-content"><div class="slick-carousel-module"><div class="slick-carousel-row"><div class="slick-carousel-content"><h2 class="slick-carousel-heading">Strengthening the Avocado Production Chain</h2><p class="slick-carousel-description"> Aligned with our objective of co-creating economic opportunities with our host communities, Pan American developed a project to increase Avocado production in the Condebamba Valley of the Cajamarca province.</p><div class="row slick-carousel-statistics statistics"><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 150</div></div><div class="statistic-description"> producers trained in organizational and commercial skills for the avocado market</div></div><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 90</div><div class="after"> HA</div></div><div class="statistic-description"> planted with Hass avocado trees</div></div><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 40</div><div class="after"> HA</div></div><div class="statistic-description"> of modern irrigation systems installed</div></div></div><div class="slick-carousel-link"> <a href="https://panamericansilver.com/case-studies/strengthening-the-avocado-production-chain/" class="with-block gold"> Learn more<span class="sr-only"> about Strengthening the Avocado Production Chain</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></div></div><div class="slick-carousel-image-quote"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/03/pas-case-study-avocados-992x825.jpg" width="992" height="825" class="slick-carousel-image" alt="Female Avocado Farmer Smiling in Field" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20825%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/03/pas-case-study-avocados-992x825.jpg" width="992" height="825" class="lazyload slick-carousel-image" alt="Female Avocado Farmer Smiling in Field" loading="lazy" /><div class="slick-carousel-quote"> The main objective is to encourage a sustainable source of income for 500 local producers.</div></div></div></div><div class="slick-carousel-module"><div class="slick-carousel-row"><div class="slick-carousel-content"><h2 class="slick-carousel-heading">Pregnancy and Parental Leave at Timmins</h2><p class="slick-carousel-description"> We identified maternity and paternity benefits as a way of achieving our talent attraction and retention objective, in addition to being aligned with our inclusion and diversity objectives.</p><div class="row slick-carousel-statistics statistics"><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 100</div><div class="after"> %</div></div><div class="statistic-description"> top-up benefits of pre-leave weekly base salary for 17 weeks pregnancy leave</div></div><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 80</div><div class="after"> %</div></div><div class="statistic-description"> top-up benefits of pre-leave weekly base salary for 8 weeks parental leave</div></div></div><div class="slick-carousel-link"> <a href="https://panamericansilver.com/case-studies/pregnancy-and-parental-leave-at-timmins/" class="with-block gold"> Learn more<span class="sr-only"> about Pregnancy and Parental Leave at Timmins</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></div></div><div class="slick-carousel-image-quote"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/03/Timmins-parental-leave-case-study-992x825.jpg" width="992" height="825" class="slick-carousel-image" alt="" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20825%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/03/Timmins-parental-leave-case-study-992x825.jpg" width="992" height="825" class="lazyload slick-carousel-image" alt="" loading="lazy" /><div class="slick-carousel-quote"> In 2021, Timmins created its Pregnancy and Parental Leave Policy.</div></div></div></div><div class="slick-carousel-module"><div class="slick-carousel-row"><div class="slick-carousel-content"><h2 class="slick-carousel-heading">Public Works for Taxes</h2><p class="slick-carousel-description"> In Peru, Pan American is working with the government under a program aimed at encouraging private investment in public infrastructure projects.</p><div class="slick-carousel-link"> <a href="https://panamericansilver.com/case-studies/public-works-for-taxes/" class="with-block gold"> Learn more<span class="sr-only"> about Public Works for Taxes</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></div></div><div class="slick-carousel-image-quote"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/84-R5_04947-992x825.jpg" width="992" height="825" class="slick-carousel-image" alt="Students Learning in School" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20825%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/84-R5_04947-992x825.jpg" width="992" height="825" class="lazyload slick-carousel-image" alt="Students Learning in School" loading="lazy" /><div class="slick-carousel-quote"> Partnering with governments can be a powerful way of advancing projects to benefit local communities.</div></div></div></div><div class="slick-carousel-module"><div class="slick-carousel-row"><div class="slick-carousel-content"><h2 class="slick-carousel-heading">Guinea Pig Breeding Program</h2><p class="slick-carousel-description"> Pan American co-developed a guinea pig breeding project in the Condebamba Valley of the Cajabamba province, where our Shahuindo operation is located.</p><div class="row slick-carousel-statistics statistics"><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 40</div><div class="after"> %</div></div><div class="statistic-description"> of financing for this project is provided by Pan American</div></div><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 200</div></div><div class="statistic-description"> producers is the goal by 2023</div></div><div class="col-4 statistic"><div class="statistic-number"><div class="count"> 100</div><div class="after"></div></div><div class="statistic-description"> sheds is the goal by 2023</div></div></div><div class="slick-carousel-link"> <a href="https://panamericansilver.com/case-studies/guinea-pig-breeding-program/" class="with-block gold"> Learn more<span class="sr-only"> about Guinea Pig Breeding Program</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></div></div><div class="slick-carousel-image-quote"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/03/pas-case-study-guinea-pig-breeding-program-992x825.jpg" width="992" height="825" class="slick-carousel-image" alt="Guinea Pig Breeding Program" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20825%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/03/pas-case-study-guinea-pig-breeding-program-992x825.jpg" width="992" height="825" class="lazyload slick-carousel-image" alt="Guinea Pig Breeding Program" loading="lazy" /><div class="slick-carousel-quote"> We are collaborating with local producers, providing 40% of the financing for the project.</div></div></div></div><div class="slick-carousel-module"><div class="slick-carousel-row"><div class="slick-carousel-content"><h2 class="slick-carousel-heading">Biodiversity Preservation at Escobal</h2><p class="slick-carousel-description"> Pan American’s biodiversity conservation plan for our Escobal operation in Guatemala has been successful in protecting wild cats.</p><div class="slick-carousel-link"> <a href="https://panamericansilver.com/case-studies/biodiversity-preservation-at-escobal/" class="with-block gold"> Learn more<span class="sr-only"> about Biodiversity Preservation at Escobal</span> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 50.48 8.18" class="pas-arrow-right-long gold"><g id="Layer_2" data-name="Layer 2"><g id="Layer_1-2" data-name="Layer 1"><path stroke="#000000" fill="transparent" class="cls-1" d="M0,4.09H49.75m-4,3.72,4-3.72-4-3.72"/></g></g></svg> </a></div></div><div class="slick-carousel-image-quote"> <noscript><img decoding="async" src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-case-study-biodiversity-at-escobal-01-992x825.jpg" width="992" height="825" class="slick-carousel-image" alt="Feline Biodiversity at Escobal" loading="lazy" /></noscript><img decoding="async" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20992%20825%22%3E%3C/svg%3E' data-src="https://panamericansilver.com/wp-content/uploads/2022/05/pas-case-study-biodiversity-at-escobal-01-992x825.jpg" width="992" height="825" class="lazyload slick-carousel-image" alt="Feline Biodiversity at Escobal" loading="lazy" /><div class="slick-carousel-quote"> Pan American Silver recognizes the importance of biodiversity to preserve ecosystems.</div></div></div></div></div></div></div></div></div></section><section id="investor-contacts-block_aa1831b71f23eae836a0813fe6f37266" class="investor-contacts-wrapper block-wrapper-margin " role="region" aria-labelledby="investor-contacts-title" data-aos="fade-up"><div class="investor-contacts"><div class="investor-contacts-content"><div class="investor-contacts-headings"><div class="investor-contacts-watermark">Contact Us</div><h3 id="investor-contacts-title" class="investor-contacts-heading">Questions? 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