About
Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
OUR STRATEGY & APPROACH
We invest directly in host countries and communities through education, training, economic growth, taxes, royalties, wages, infrastructure improvements and local procurement opportunities.
We also contribute to the sustainable development of host communities
through investments in infrastructure and services as well as socio-economic development programs created in partnership with communities with the intent of providing long-term benefits beyond the life of the mine.
PROGRAMS & INITIATIVES
- Participatory community processes such as baseline assessments conducted jointly with communities and third parties help us understand the existing social context, the actual and potential impacts of our operations, and community needs and interests. This enables us to identify opportunities for long-term investment
- Socio-economic development programs focus on education, health, and alternative economic opportunities intended to provide long-term benefits
- Local procurement initiatives engage and build capacity with local suppliers
2023 Goals
- Design socio-economic development programs based on risk analysis and track performance with Key Performance Indicators (KPIs).
Prioritized SDGs
Strengthening the Avocado Production Chain
Aligned with our objective of co-creating economic opportunities with our host communities, Pan American developed a project to increase Avocado production in the Condebamba Valley of the Cajamarca province.
150
producers trained in organizational and commercial skills for the avocado market
90
HA
planted with Hass avocado trees
40
HA
of modern irrigation systems installed
The main objective is to encourage a sustainable source of income for 500 local producers.
Guinea Pig Breeding Program
Pan American co-developed a guinea pig breeding project in the Condebamba Valley of the Cajabamba province, where our Shahuindo operation is located.
40
%
of financing for this project is provided by Pan American
200
producers is the goal by 2023
100
sheds is the goal by 2023
We are collaborating with local producers, providing 40% of the financing for the project.
Public Works for Taxes
In Peru, Pan American is working with the government under a program aimed at encouraging private investment in public infrastructure projects.
Partnering with governments can be a powerful way of advancing projects to benefit local communities.
2022 Sustainability Report
Our 2022 Sustainability Report is 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.
- Feb 28, 2022
- Conflict Free Gold Standard Report 2022 Nov 09, 2023
- Pan American Silver 2022 CFG Assurance Statement Nov 09, 2023