September 11, 2025
About
Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
Pan American Silver was created with the intention to provide investors with the best vehicle to gain exposure to the silver price. Our vision is to be the world’s premier silver producer, with a reputation for excellence in discovery, engineering, innovation, and sustainable development.
MAG Silver Corp. Acquisition
Pan American Silver completed its acquisition of MAG Silver Corp. on September 4, 2025. The acquisition added a 44% joint venture interest in the large-scale, high-grade Juanicipio silver mine in Zacatecas, Mexico, 100% ownership of the Larder exploration project, and an option to earn a 100% interest in the Deer Trail exploration project.
To learn more about the Juanicipio mine, please see Juanicipio – Pan American Silver
To learn more about Deer Trail and Larder, please see Other Portfolio Assets – Pan American Silver
To learn more about the terms of the acquisition of MAG Silver Corp., please see our news releases
Latest News
September 8, 2025
Pan American Silver Reports Discovery of Multiple High-Grade Silver Zones at the La Colorada Mine
September 4, 2025
Pan American Silver Completes Acquisition of MAG Silver
Our Purpose & Values
Health
& Safety
Honest
& Fair
Responsible
Operations
Clear
Communication
Reports & Presentations
- 2024 Annual Report Mar 24, 2025
- Q2 2025 Financial Report Aug 06, 2025
- Investor Presentation – September 2025 Sep 22, 2025
2024 Sustainability Report Video
Public Works for Taxes
In Peru, Pan American is working with the government under a program aimed at encouraging private investment in public infrastructure projects.
Partnering with governments can be a powerful way of advancing projects to benefit local communities.
Pregnancy and Parental Leave at Timmins
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.
100
%
top-up benefits of pre-leave weekly base salary for 17 weeks pregnancy leave
80
%
top-up benefits of pre-leave weekly base salary for 8 weeks parental leave
In 2021, Timmins created its Pregnancy and Parental Leave Policy.
Guinea Pig Breeding Program
Pan American co-developed a guinea pig breeding project in the Condebamba Valley of the Cajabamba province, where our Shahuindo operation is located.
40
%
of financing for this project is provided by Pan American
200
producers is the goal by 2023
100
sheds is the goal by 2023
We are collaborating with local producers, providing 40% of the financing for the project.
Strengthening the Avocado Production Chain
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.
150
producers trained in organizational and commercial skills for the avocado market
90
HA
planted with Hass avocado trees
40
HA
of modern irrigation systems installed
The main objective is to encourage a sustainable source of income for 500 local producers.