Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
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 Cajabamba province, where our Shahuindo operation is located.
The main objective is to encourage a sustainable source of income for 500 local producers through training to improve productive techniques and by facilitating access to markets.
During its first two years of implementation, several challenges were overcome, such as establishing a permanent water collection system for irrigation and lack of familiarity in cultivating the Hass avocado. To date, the project has achieved the following results:
Pan American Silver Peru won the 2021 Sustainable Development Award granted by the National Society of Mining, Petroleum, and Energy for the positive impact of the Avocado project.
The program continues to expand, with new producers joining and new geotanks installed. Pan American Silver Peru plans to achieve the following targets by 2028:
Our 2021 Sustainability Report is prepared in accordance with Global Reporting Initiative (GRI) Standards and is aligned with Sustainability Accounting Standards Board (SASB) Standard. It also contains information in consideration of the Task Force on Climate Related Financial Disclosures (TCFD) reporting framework and serves as our annual Communication on Progress for the United Nations Global Compact (UNGC).