Pan American Silver Corp.

Pan American Silver Corp. is a Canadian-based mining company with operations and exploration projects located in Canada, Mexico, Peru, Argentina, and Bolivia. The company specializes in the exploration, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper. It is the world’s second-largest primary silver producer, with over 16 million ounces of silver produced in 2019. It also produces gold, zinc, lead, and copper. Pan American Silver Corp. is a publicly traded company on the Toronto Stock Exchange and the Nasdaq Global Select Market under the symbol PAAS.

The company was founded in 1979 and was formerly known as Pan American Minerals Corp. It changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. has a portfolio of 14 mines and 8 development projects, including La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines. The company also owns the Escobal mine in Guatemala, which is currently suspended due to legal and regulatory challenges.

Pan American Silver Corp. has a strong commitment to sustainability and responsible mining practices. The company has a comprehensive health, safety, and environmental management system in place, and is a signatory to the International Council on Mining and Metals (ICMM) Sustainable Development Framework. The company is also a member of the Responsible Jewellery Council (RJC), an international not-for-profit organization that promotes responsible ethical, social, and environmental practices in the jewelry supply chain.

In 2019, Pan American Silver Corp. reported total revenue of $1.3 billion and net income of $140 million. The company also reported cash flow from operations of $240 million. As of December 31, 2019, the company had total assets of $3.7 billion and total liabilities of $939 million. The company has a strong balance sheet, with a debt-to-equity ratio of 0.25. The company also has a strong liquidity position, with cash and cash equivalents of $710 million as of December 31, 2019.