About
Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
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, 2023. Please see the Company’s reserves and resources page for more detailed information.
ILO 169 Consultation Process
Operations have been suspended at Escobal since 2017. The Constitutional Court of Guatemala determined that the Guatemalan Ministry of Energy and Mines must conduct an ILO 169 consultation process with the Xinka Indigenous Peoples before the mining license for Escobal can be reinstated.
ILO 169 is the United Nations International Labor Organization convention regarding Indigenous and Tribal Peoples in Independent Countries. The aim of an ILO 169 process is to provide meaningful participation for constructive dialogue.
The ILO 169 consultation process for Escobal is led by Guatemala’s Ministry of Energy and Mines.
Pan American respects Indigenous Peoples’ right to consultation, and we are participating in good faith and in full respect to the terms of the Constitutional Court ruling, the ILO 169 consultation process and our Global Human Rights Policy.
MORE ABOUT Escobal
The Escobal mine reached commercial production in January 2014. Escobal represents an important source of silver supply, a metal critical to the transition to a low carbon economy. From 2014 to 2017 when the mine was operating, it produced approximately 20 million ounces of silver per year. Escobal is one of the world’s largest primary silver deposits with reserves of 264 million ounces.
Both the mine and process were designed to minimize water consumption, waste generation, and environmental disturbance through a state-of-the-art paste backfill, filtered tailings, and a dry stack tailings facility.
To learn more about Escobal, please visit our dedicated website at https://pasguate.com
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, 2021. All financial data is stated in U.S. dollars unless otherwise noted. Estimated mineral reserves as of June 30, 2022. 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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