Pan American Silver


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; 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.

History

Pan American Silver was founded in April 1994 by Ross Beaty. Beaty had previously founded and run Equinox Resources, which he eventually sold to an American mining company. It listed on NASDAQ in 1995 and acquired its Quiruvilca mine in the same year. In 1998, it acquired the La Colorada Mine in Mexico, and in 2000 it acquired the Huaron mine in Peru.
In 2012, Pan American acquired Minefinders Corporation for C$1.5 billion; Minefinders principal asset was the Dolores Mine in Mexico. In 2018, it temporarily curtailed operations at its Dolores mine in Mexico, due to violence in the area.
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. Tahoe's largest asset was its shuttered Escobal Silver Mine in Guatemala, which has a troubled history. Markets reacted to the news, with Pan American's share price falling 12% whereas Tahoe's rose 50%.

Operations

, Pan American has six operating mines: