Legal Notice

Pan American Silver Corp. (“Pan American Silver Corp.”, “we” or “our”) is the owner of this website. As a condition of using this website and accessing information and data, you agree to the following:

Intellectual Property

Pan American Silver Corp. or its third party service providers own all right, title and interest in this website, including all associated market data and information, and you acquire no interest therein. The materials provided on this website including, without limitation, all content, site design, text, graphics, icons, photographs, and logos, and the selection and arrangement thereof, are protected by copyright and all rights are reserved. Any unauthorized use or any copying, reproduction, modification, uploading, posting, transmission or other distribution of the materials is strictly prohibited and may be a violation of trademark and/or copyright laws and is subject to legal enforcement. Nothing in your use of this website grants you any rights in or to the intellectual property or proprietary rights of Pan American Silver Corp. or any third party. You may not frame nor link to this website without Pan American Silver Corp.’s express written permission.

Pan American Silver Corp.’s name, panamericansilver.com and related words and logos and symbols are trade-marks, trade-names and/or service marks of Pan American Silver Corp. Nothing on the website shall be construed as granting, either expressly or by implication, a license or other right to you to use any marks or names or other intellectual property of Pan American Silver Corp. The names of other companies, products or services referred to on this website may also be trade-marks or trade-names of their respective owners and any unauthorized use of the trade-marks or trade-names of Pan American Silver Corp. or of any third party is strictly prohibited.

Cautionary Note Regarding Forward-Looking Statements and Information

This document contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or forward-looking information.  Forward-looking statements or information in this document relate to, among other things: the duration or extent of the suspensions or voluntary reduction of activities at our operations, and the effect that any such reductions or suspensions may have on our operations; timing or achievement of future goals, programs, and related disclosure with respect to our operations, development, safety and diversity initiatives for our employees, investments in sustainable development, and environmental management, including with respect to water management, greenhouse gas emissions, climate change mitigation, and rehabilitation. 

These forward-looking statements and information reflect the current views of Pan American Silver with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Pan American Silver, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies, and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include: COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized or not long-term; our ability to complete goals and initiatives in, among other things, sustainable development, stakeholder engagement, environmental management, and mitigation of climate change; tonnage of ore to be mined and processed; ore grades and recoveries; prices for silver, gold and base metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for Pan American Silver’s projects and future cash requirements; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled production; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to properties and the surface rights necessary for our operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

Forward-looking statements and information involve many known and unknown risks, uncertainties and other factors that could cause actual results or performance to be materially different from the results or performance that are or may be expressed or implied by such forward-looking statements or information, including, but not limited to, factors, such as: the duration and effects of COVID-19 and any other pandemics on our operations and workforce; metal price fluctuations, fluctuation in the costs of energy, labour, materials and other inputs, fluctuations in currency markets and exchange rates, operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom Pan American Silver does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in Canada, the United States, Mexico, Peru, Argentina, Bolivia, Guatemala or other countries where Pan American Silver may carry on business, including legal restrictions relating to mining, including those in Chubut, Argentina, risks relating to expropriation, and risks relating to the constitutional court-mandated ILO 169 consultation process in Guatemala, and those factors identified under the heading “Risks Related to Our Business” in Pan American Silver’s most recent Form 40-F and Annual Information Form filed with the U.S. Securities and Exchange Commission and with Canadian provincial securities regulatory authorities, respectively. Pan American Silver has attempted to identify important factors, but there may be other factors that cause results not to be as anticipated, estimated, intended or described. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements and information. Pan American Silver does not intend, nor assume, any obligation to update or revise forward-looking statements and information except to the extent required by applicable law.

Disclosure of Mineral Technical Information and Cautionary Note to United States Investors

This website, including the documents and materials posted thereon, has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of U.S. securities laws.  Unless otherwise indicated, all mineral estimates included on this website have been based upon mineral resource estimates prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘‘NI 43-101’’) and the Canadian Institute of Mining, Metallurgy and Petroleum classification system.  NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and information concerning mineralization, deposits, and mineral resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, estimates included on this website have been based upon “measured resources”, ‘‘indicated resources’’ and ‘‘inferred resources’’.  U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them.  Under U.S. standards, mineralization may not be classified as a ‘‘reserve’’ unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made.  U.S. investors are cautioned not to assume that any part of an “indicated resource” will ever be converted into a “reserve”.  U.S. investors should also understand that “inferred resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility.  It cannot be assumed that all or any part of “inferred resources” exist, are economically or legally mineable or will ever be upgraded to a higher category.  Under Canadian securities laws, estimated “inferred resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases.  Disclosure of “contained ounces” in a mineral resource is permitted disclosure under Canadian securities laws.  However, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Currency of Website

Pan American Silver Corp. takes considerable care and effort to review and, where it deems appropriate and/or it is legally required, to update the information on this website. However, such information is not intended to be a comprehensive review of all matters and developments concerning Pan American Silver Corp. and Pan American Silver Corp. cannot guarantee the accuracy, currency or completeness of the information and assumes no responsibility in this regard. Unless otherwise indicated, all information posted on this website is current only as of the date of the document that contains the information, the date on which the document is posted (if indicated), or to the time period to which the document or material relates, whichever is earlier. Pan American Silver Corp. may at any time make changes to the information at this website without prior notice.

Disclaimer and Exclusion of Liability

THE INFORMATION AND MATERIALS CONTAINED IN THIS WEBSITE ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL PAN AMERICAN SILVER CORP. BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) OR DUE TO THE USE OF OR INABILITY TO USE THE MATERIALS CONTAINED ON THIS WEBSITE. ANY USE OR RELIANCE ON THE CONTENT OF THIS WEBSITE SHALL BE AT YOUR SOLE RISK.

In particular and among other things, Pan American Silver Corp. shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits or opportunities, arising from:

  • this website, including without limitation, as to the accuracy, reliability, currency, veracity, or completeness of the content;
  • the use of or reliance on information contained in this website;
  • any delays, inaccuracies or errors in, or in the transmission of, any stock price quotes or historical price data;
  • use of any third party websites, including any information or content thereon, linked to this website;
  • any internet software used in connection with this website, or computer viruses or other destructive programs encountered as a result of using this website; and
  • any other matter connected with this website;

even if Pan American Silver Corp. is made aware of the possibility of such claims, expenses, damages or losses.

Linked Websites

As a convenience to visitors, this website may contain links to a number of third-party websites. Your linking to such websites or pages is at your own risk. Pan American Silver Corp. is not responsible for the accuracy, currency or reliability of any information, data, opinions, advice, statements or other content on linked sites and links are provided merely as a convenience. The inclusion of such links does not imply that Pan American Silver Corp. endorses or monitors these linked websites. In addition, Pan American Silver Corp. does not warrant or otherwise guarantee that electronic materials on these websites are free of viruses or other harmful components.

PAN AMERICAN SILVER CORP. DOES NOT ACCEPT ANY RESPONSIBILITY OR LIABILITY IN RESPECT OF LINKED WEBSITES, NOR FOR THEIR CONTENT OR USES.

No Solicitation

DOCUMENTS, MATERIAL AND INFORMATION CONTAINED IN OR ACCESSIBLE THROUGH THIS WEBSITE ARE FOR INFORMATION PURPOSES ONLY AND ARE NOT INTENDED TO AND DO NOT CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION. PAN AMERICAN CORP. DOES NOT ASSUME ANY DUTY OF DISCLOSURE BEYOND THAT WHICH IS REQUIRED BY APPLICABLE LAW.

Pan American Silver Corp. is subject to the securities laws of various jurisdictions. Information disclosed or provided by Pan American Silver Corp. pursuant to the securities laws of those jurisdictions is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through, or on this website. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Pan American Silver Corp. to that effect. Pan American Silver Corp.’s Canadian and U.S. public filings can be viewed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

The information set out in this website should not be used for the purpose of making investment decisions with respect to Pan American Silver Corp. securities. We strongly encourage you to seek independent professional advice before making any investment decisions.

Compliance with Laws

You agree to use the website, any linked websites and any services available on or through the website or linked websites only for lawful purposes and in a manner consistent with applicable local, national and international laws and regulations. You may not use the website in any manner which could damage, disable, overburden, or impair the website or interfere with any other party’s use or enjoyment of the website.

Stock Quotes and Related Information

All stock quotes are delayed unless otherwise stated and such delays may exceed 20 minutes. All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading, business or financial purposes. Pan American Silver Corp. does not guarantee the sequence, accuracy or completeness of any stock quotes available on this website or on any linked website, nor any other data displayed, and is not liable or responsible in any way for any delays, inaccuracies or errors in, or in the transmission of, any stock price information or data. Pan American Silver Corp. and its service providers are not liable or responsible in any way for any damages, losses or costs arising from reliance upon this information or incurred as a result of the nonperformance, interruption or termination for any reason whatsoever of the stock price information or data.

Jurisdiction

Your use of this website shall be governed by the laws of the Province of British Columbia and any applicable federal laws of Canada. The courts of the Province of British Columbia shall have exclusive jurisdiction over any dispute arising out of your use of this website.