NYSE: PAAS $35.37 USD
TSX: PAAS $49.05 CAD
Silver (Spot) $40.86 USD
Gold (Spot) $3,644.27 USD

MAG Silver Corp. Transaction:

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, and 100% ownership of the Deer Trail and Larder exploration projects.

To learn more about the terms of the acquisition, please see our news releases

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.

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Pan American Silver Employees Working in Mine

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Our Purpose & Values

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Health
& Safety

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Honest
& Fair

Ecosystem Icon

Responsible
Operations

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Clear
Communication

Learn More About Our Purpose & Values
  • Pan American Silver Employees Discussing Ecosystem

Creating Value

Pan American is the preferred investment for silver exposure through our long-life silver reserves and major catalysts for growth in silver production. Our diversified portfolio includes gold assets that contribute to strong cash flow and shareholder returns.

99% of our employees are from the countries where we operate. We support our people through programs focused on safety, leadership training, and inclusion and diversity.

We collaborate with local communities and Indigenous Peoples, whose contributions help us manage potential risks and impacts, identify opportunities, and develop programs that will deliver lasting and mutual benefits.

Learn How We Create Value

Reports & Presentations

2024 Sustainability Report

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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.

Learn more about Public Works for Taxes
Students Learning in School
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
Learn more about Pregnancy and Parental Leave at Timmins
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
Learn more about Guinea Pig Breeding Program
Guinea Pig Breeding Program
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
Learn more about Strengthening the Avocado Production Chain
Female Avocado Farmer Smiling in Field
The main objective is to encourage a sustainable source of income for 500 local producers.