Pan American Silver Corp. is a leading precious metals mining company headquartered in Vancouver, Canada. The company engages in the full mining lifecycle, including exploration, mine development, extraction, processing, refining, and reclamation. It operates a diversified portfolio of mines across the Americas, including operations in Canada, Mexico, Peru, Brazil, Bolivia, Chile, and Argentina. The company's operations are divided into Gold and Silver segments. Key assets include the La Colorada, Huaron, and Cerro Moro mines in the Silver segment, and the Jacobina, El Peñon, Timmins, and Dolores mines in the Gold segment.
Although historically focused on silver and recognized as one of the world's largest primary silver producers, Pan American Silver generates the majority of its revenue from gold. According to its 2022 Annual Report, gold accounted for 64% of revenue, while silver accounted for 24%. The company's gold production and revenue share increased further following the transformative $4.8 billion acquisition of Yamana Gold in early 2023, which added several producing gold mines in South America to its portfolio. The company also produces zinc, lead, and copper as by-products. Pan American Silver is known for its extensive operational footprint in Latin America and its large mineral reserve base.
