Our Strategy & Approach

The impacts of mining can extend well beyond the operational phase and, without careful planning, may present long-term environmental and social challenges for communities and governments. To mitigate these risks, we integrate comprehensive mine closure planning from the earliest stages of project design and through the entire mine life cycle, recognizing that progressive closure activities may begin well before operations cease.

We are committed to responsible mining and sustainable development across all phases of a project, including closure and post-closure. This life cycle approach supports effective risk management, regulatory compliance, and long-term environmental and social outcomes.

We actively engage with and incorporate input from Communities of Interest (COIs)(1)** throughout the mining process, with the integral support of our site level social teams. This collaborative approach helps manage uncertainties and expectations associated with mine closure, ensuring that closure plans reflect local priorities and support a coordinated transition once mining activities conclude.

In addition to environmental closure planning, all operations are required to develop and maintain a social closure plan as part of their Social Management System.

https://panamericansilver.com/wp-content/uploads/2025/05/PAS_Management-Approach-Mine-Closure-and-Rehabilitation.pdf

(1) We use the Mining Association of Canada (MAC)’s definition of Community of Interest (COI), which includes all individuals and groups that have an interest in or believe they may be affected by
decisions regarding the management of our operations.

Learn more about our approach to Mine Closure and Rehabilitation in our Management Approach, where you will find details on our policies, standards, programs, monitoring practices, and accountability measures.

https://panamericansilver.com/wp-content/uploads/2025/05/PAS_Management-Approach-Mine-Closure-and-Rehabilitation.pdf