About
Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
ILO 169 Consultation Process
Operations at Escobal have been paused since 2017. The Constitutional Court of Guatemala mandated that the country’s Ministry of Energy and Mines must carry out an ILO 169 consultation with the Xinka Indigenous Peoples before any decision can be made to reinstate the mining license.
ILO 169 is a convention of the United Nations International Labour Organization that ensures Indigenous and Tribal Peoples have the right to be consulted on decisions that may affect their communities.
At Pan American, we fully respect this process. We are engaging in the consultation in good faith, guided by our Global Human Rights Policy and with a commitment to meaningful, constructive dialogue.
The Consultation Process Phases
The Constitutional Court of Guatemala outlined the consultation process for Escobal, as described below. Phase 1 of the consultation process has been completed and the process moved to Phase 2 in July 2022.
Updates are provided through the Ministry of Energy and Mine’s website at:
https://mem.gob.gt/derecho-minero-escobal/**
Guatemala’s Ministry of Environment and Natural Resources shall work with the consultant responsible for Escobal’s Environmental Impact Study issued in 2011 and experts at two Guatemalan universities to review, define, and recommend the area of influence to be used by Guatemala’s Ministry of Environment and Natural Resources during the ILO 169 consultation process.
Status: The Ministry of Environment and Natural Resources completed the area of influence analysis and submitted it to the Ministry of Energy and Mines in November 2018. On February 5, 2020, the Supreme Court ruled that the Ministry of Environment and Natural Resources’ process for the determination of the area of influence was completed properly.
The primary purpose of the pre-consultation stage is to define and agree to the terms, timeline and mechanisms under which the consultation will take place. This phase is led by the Ministry of Energy and Mines and includes various government agencies, ministries, academic institutions and Xinka indigenous community leaders along with representatives from PAS Guatemala (Pan American’s subsidiary in Guatemala).
Status: The 8th pre-consultation meeting was held in July 2022, which concluded the pre-consultation phase. The consultation process is currently in Phase 2.
Guatemala’s Ministry of Energy and Mines leads the formal dialogue process, with the aim to achieve agreements amongst the main participants in the process: Xinka indigenous communities, the Ministry of Energy and Mines and PAS Guatemala (Pan American’s subsidiary in Guatemala).
Status: Underway
The Ministry of Energy and Mines submits the results of the consultation process to the Guatemalan Supreme Court. The Supreme Court certifies with all three parties that the ILO 169 consultation process as outlined in the Constitutional Court’s resolution has been followed.
Status: Awaiting completion of Phase 2
Technical & Reserve Information
| Name and quantity | Grade | Contained Metal | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Name | Tonnes (Mt) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | Ag (Moz) | Au (Koz) | Pb (kt) | Zn (kt) |
| P&P Reserves | 24.7 | 334 | 0.35 | 0.79 | 1.30 | 264.5 | 278 | 196 | 320 |
| M&I Resources | 16.5 | 208 | 0.21 | 0.37 | 0.65 | 110.1 | 110 | 61 | 106 |
| Inferred Resources | 1.9 | 180 | 0.90 | 0.22 | 0.42 | 10.7 | 54 | 4 | 8 |
As of June 30, 2024. Please see the Company’s reserves and resources page for more detailed information.
Biodiversity Preservation at Escobal
Pan American’s biodiversity conservation plan for our Escobal operation in Guatemala has been successful in protecting wild cats.
Pan American Silver recognizes the importance of biodiversity to preserve ecosystems.
Related Documents & Resources
* Data is on a consolidated basis for the period ended December 31, 2023. All financial data is stated in U.S. dollars unless otherwise noted. Estimated mineral reserves as of June 30, 2024. For complete mineral reserve and resource information, refer to Mineral Reserves and Resources. Cash Costs and AISC per ounce are a non-GAAP measures; please refer to the Non-GAAP Measures notice.
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