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Advanced Stage Development

Pan American Silver owns the following advanced stage development properties:

  • Waterloo (California, U.S.A)
  • La Bolsa (Sonora, Mexico)
  • Pico Machay (Huancavelica, Peru)


These properties are on care and maintenance and we are currently not carrying out any activities on them. Pan American Silver continues to fulfil all its legal obligations to maintain the legal title in good standing. These properties are not considered material to Pan American Silver.

Reserves and Resources Report 

The Sustainable Approach

Pan American Silver is determined to conduct its business in a responsible and sustainable manner.

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