Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
It is one of the world's biggest silver producers;[1] in 2017 the company extracted 25 million ounces of Silver, 160,000 ounces of Gold, 55,300 ounces of Zinc, 21,500 tonnes of Lead, and 13,400 tonnes of Copper.[2]
Pan American Silver was founded in April 1994 by Ross Beaty.[3] Beaty had previously founded and run Equinox Resources, which he eventually sold to an American mining company.[3] It listed on NASDAQ in 1995 and acquired its Quiruvilca mine in the same year.[4] In 1998, it acquired the La Colorada Mine in Mexico, and in 2000 it acquired the Huaron mine in Peru.[4]
In 2012, Pan American acquired Minefinders Corporation for C$1.5 billion; Minefinders principal asset was the Dolores Mine in Mexico.[5] In 2018, it temporarily curtailed operations at its Dolores mine in Mexico, due to violence in the area.[1]
In 2020, research carried out by EJAtlas, MiningWatch Canada, Earthworks and the Institute for Policy Studies found that Pan-American Silver was involved in several environmental conflicts in Latin America and that these conflicts "demonstrate a lack of respect for communities defending their territories from mining."[6]
In November 2018, Pan American announced it would acquire Tahoe Resources, a Nevada-based mining firm with mines in Latin America and Canada, for $1.1 billion or about $5 a share.[7][8] Tahoe's largest asset was its shuttered Escobal Silver Mine in Guatemala, which faced widespread protests and had significant human rights violations where security guards shot locals, leading to a high profile court case.[8] Markets reacted to the news, with Pan American's share price falling 12% whereas Tahoe's rose 50%.[9]
Operationsedit
As of November 2018[update], Pan American has six operating mines:[10]
^"Pan American Silver - 2017 Annual Report" (PDF).
^ abMckenzie, Kevin Hinton & Ryan. "Miner to missionary: The Ross Beaty story". BCBusiness. Retrieved 2018-11-07.
^ ab"History | Pan American Silver | Corporate Site". Pan American Silver | Corporate Site. Retrieved 2018-11-07.
^"Pan American Silver to buy Minefinders for C$1.5 billion". Reuters. 2012-01-23. Retrieved 2018-11-07.
^"Conflict and harm at Pan American Silver". theecologist.org. 4 March 2020. Retrieved 2022-12-12.
^Taylor, Susan. "Pan American Silver offers $1.1 billion to buy out Tahoe". Reuters. Retrieved 2018-11-17.
^ abColgrove, Sarah; Imai, Shin (22 February 2021). "Investors are increasingly shunning mining companies that violate human rights". The Conversation. Retrieved 2021-04-18.
^"Here's Why Tahoe Resources Soared Almost 50% Today". 14 November 2018.
^"Operations | Pan American Silver | Corporate Site". Pan American Silver | Corporate Site. Retrieved 2018-11-07.
January 01, 1970
american, silver, corporation, mining, company, based, canada, with, operations, latin, america, company, mines, other, projects, mexico, peru, bolivia, argentina, corporationcompany, typepublictraded, astsx, paasnyse, paasindustrymetalsfounded1994headquarters. Pan American Silver Corporation is a mining company based in Canada with operations in Latin America The company has mines and other projects in Mexico Peru Bolivia and Argentina Pan American Silver CorporationCompany typePublicTraded asTSX PAASNYSE PAASIndustryMetalsFounded1994HeadquartersVancouver CanadaKey peopleMichael Steinmann CEORevenueUS 1 631 million 2021 Number of employees7 300Websitewww wbr panamericansilver wbr com It is one of the world s biggest silver producers 1 in 2017 the company extracted 25 million ounces of Silver 160 000 ounces of Gold 55 300 ounces of Zinc 21 500 tonnes of Lead and 13 400 tonnes of Copper 2 Contents 1 History 1 1 Tahoe resources acquisition 2 Operations 3 See also 4 ReferencesHistory editPan American Silver was founded in April 1994 by Ross Beaty 3 Beaty had previously founded and run Equinox Resources which he eventually sold to an American mining company 3 It listed on NASDAQ in 1995 and acquired its Quiruvilca mine in the same year 4 In 1998 it acquired the La Colorada Mine in Mexico and in 2000 it acquired the Huaron mine in Peru 4 In 2012 Pan American acquired Minefinders Corporation for C 1 5 billion Minefinders principal asset was the Dolores Mine in Mexico 5 In 2018 it temporarily curtailed operations at its Dolores mine in Mexico due to violence in the area 1 In 2020 research carried out by EJAtlas MiningWatch Canada Earthworks and the Institute for Policy Studies found that Pan American Silver was involved in several environmental conflicts in Latin America and that these conflicts demonstrate a lack of respect for communities defending their territories from mining 6 Tahoe resources acquisition edit Further information Tahoe Resources In November 2018 Pan American announced it would acquire Tahoe Resources a Nevada based mining firm with mines in Latin America and Canada for 1 1 billion or about 5 a share 7 8 Tahoe s largest asset was its shuttered Escobal Silver Mine in Guatemala which faced widespread protests and had significant human rights violations where security guards shot locals leading to a high profile court case 8 Markets reacted to the news with Pan American s share price falling 12 whereas Tahoe s rose 50 9 Operations editAs of November 2018 update Pan American has six operating mines 10 La Colorada Mine in Zacatecas Mexico with 2017 production of 7 1 MOz of Silver Dolores Mine in Chihuahua Mexico with 2017 production of 4 2 MOz of Silver Huaron Mine in Pasco Region Peru with 2017 production of 3 7 MOz of Silver San Vincente Mine in Potosi Department Bolivia with 2017 production of 3 6 MOz of Silver Manantial Espejo Mine in Santa Cruz Argentina with 2017 production of 3 1 MOz of Silver Morococha Mine in Junin Region Peru with 2017 production of 2 6 MOz of SilverSee also editOfficial websiteReferences edit a b Mexico violence hits Canadian silver miner s operations CBC News CBC Retrieved 2018 11 07 Pan American Silver 2017 Annual Report PDF a b Mckenzie Kevin Hinton amp Ryan Miner to missionary The Ross Beaty story BCBusiness Retrieved 2018 11 07 a b History Pan American Silver Corporate Site Pan American Silver Corporate Site Retrieved 2018 11 07 Pan American Silver to buy Minefinders for C 1 5 billion Reuters 2012 01 23 Retrieved 2018 11 07 Conflict and harm at Pan American Silver theecologist org 4 March 2020 Retrieved 2022 12 12 Taylor Susan Pan American Silver offers 1 1 billion to buy out Tahoe Reuters Retrieved 2018 11 17 a b Colgrove Sarah Imai Shin 22 February 2021 Investors are increasingly shunning mining companies that violate human rights The Conversation Retrieved 2021 04 18 Here s Why Tahoe Resources Soared Almost 50 Today 14 November 2018 Operations Pan American Silver Corporate Site Pan American Silver Corporate Site Retrieved 2018 11 07 Retrieved from https en wikipedia org w index php title Pan American Silver amp oldid 1219680041, wikipedia, wiki, book, books, library,
