Our Approach & Performance

“As with safety, sustainability is fundamental to the way we do business and is a key part of our culture that is embedded in everything we do. It plays an essential role in how we manage our operations and create value for our stakeholders.

Pan American believes that a diverse and inclusive workforce is the foundation for success. We work hard to encourage diversity throughout the organization.”

Gillian Winckler, Board Chair

“Pan American manages its operations by adhering to the following principles: providing a safe and healthy workplace, fostering respectful relationships with our communities and employees, investing in social and environmentally sustainable practices, and delivering strong operating margins through operational excellence.

The success of our approach is demonstrated by our performance in 2024, and we look forward to continuing that success in the coming years. This approach relies on the contribution of our stakeholders, and I wish to thank our employees, communities and our board of directors for helping to make Pan American the leading producer of silver and gold in the Americas.”

Michael Steinmann, President & CEO

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Fire-Rescue Team Members Conducting Drills

Management Approach to ESG

We operate ethically and apply sustainable business practices throughout the mining lifecycle with the objective of creating value for our Communities of Interest (COIs).

Learn Moreabout Management Approach to ESG

Two Pan American Silver Mine Employees Having a Conversation

Human Rights

At Pan American Silver, respect for human rights has guided our relationships with our COIs, especially local communities, throughout our history of operating in the Americas.

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Plant at Dusk in the Foreground with Pan American Silver Mining Operation in the Background

Policies & Commitments

Pan American Silver has adopted policies, standards, and guidelines that articulate the way our directors, officers and employees are expected to behave and guide our business.

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2024 Highlights

Zero

Significant Environmental Incidents

960 TONNES

REDUCED IN NON-ROCK WASTE COMPARED TO THE 2024 BASE CASE⁽¹⁾

Achieved

GHG EMISSIONS AND ENERGY USE REDUCTION TARGETS

220,000M³

REDUCED IN WATER USE COMPARED TO THE 2024 BASE CASE⁽¹⁾

20.3 MILLION

in community investments

105

PARTICIPANTS GRADUATED FROM OUR LEADERSHIP DEVELOPMENT PROGRAM

56%

Of our Board Members are women, including our Board Chair

1,150

KEY EMPLOYEES TRAINED ON COMPLIANCE PROGRAM

⁽¹⁾The 2024 base case includes our projected 2024 water use, energy use, GHG emissions, and waste generation, as calculated using our life of mine plans adjusted for annual production guidance.

Our Commitment to the UN SDGs

In 2024, we aligned the objectives of eight prioritized SDGs with our 2025 Sustainability Goals, which will drive our performance and maximize positive impact in these areas.

Here you’ll find a few of these SDG highlights. To see all of our commitments to the UN SDGs, please click the link below.

View All our Prioritized UN SDG Goals

Goal:

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

The mining industry can contribute to SDG8 by providing well-paid direct and indirect jobs. In particular, mining can contribute to the economic outcomes of local communities by supporting and procuring from local suppliers.

Learn more about how we’re working on SDG8 on our UN Sustainable Development Goals page.

Goal:

Ensure healthy lives and promote well-being for all at all ages.

Mining can contribute to SDG3 by championing occupational health and safety, offering and encouraging preventative care, mitigating the spread of disease, and increasing mental health awareness in our COI communities.

Learn more about how we’re working on SDG3 on our UN Sustainable Development Goals page.

Goal:

Achieve gender equality and empower all women and girls.

As a historically male-dominated industry, mining can contribute to this SDG by offering equal opportunities for women and practising gender inclusion across the business and project life cycle.

Learn more about how we’re working on SDG5 on our UN Sustainable Development Goals page.

Goal:

Ensure access to affordable, reliable, sustainable and modern energy for all.

Through improving energy efficiency and incorporating renewable energy, the mining industry can make a significant contribution to SDG7.

Learn more about how we’re working on SDG7 on our UN Sustainable Development Goals page.

Goal:

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Learn more about how we’re working on SDG8 on our UN Sustainable Development Goals page.

Goal:

Target urgent action to combat climate change and its impacts.

Mining companies can contribute to SDG13 by reducing emissions, building climate change resilience, and recognizing climate change in planning and investment.

Learn more about how we’re working on SDG13 on our UN Sustainable Development Goals page.

2024 Sustainability Report

Our 2024 Sustainability Report was prepared in accordance with Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Standard. It also contains information in consideration of the Task Force on Climate Related Financial Disclosures (TCFD) reporting framework.