Since 1994, Pan American Silver (Pan American) has grown to become the second largest primary silver mining company in the world. Over the last 28 years, the company has also developed a track record of responsibly building and operating mines while growing production.
As a priority, Pan American is committed to conducting its business in a responsible and sustainable manner.
In 2021, zero significant environmental incidents were recorded at its operations and 82 per cent of the revenue generated by Pan American mines remains in the countries where it operates.
According to the company’s 2021 Sustainability Report, Pan American made improvements in its environmental performance in 2021, reducing GHG emissions by 11 per cent and achieving its target of reducing energy consumption by 7 per cent compared to the 2021 base case. It also reduced water consumption by 10 per cent compared to the 2021 base case and achieved a net positive impact on vegetation and biodiversity across all its sites.
The report also mentions that the company continues to actively engage with communities to better understand their priorities and to invest in initiatives that will provide them with lasting benefits. In addition, diversity and inclusion within the workforce are also key areas of focus.
Timmins-based Director of Environmental and Sustainability (Lake Shore Gold) Marcel Cardinal says,
“Pan American Silver is proud to be one of the top five silver producers in the world. It aims to provide employment to local residents and focus on sustainable development and working in partnership with indigenous peoples.”
Its employees are at the heart of Pan American where they provide the intelligence, ideas and energy that drive operating and financial performance and inspire a continued progress in sustainable development. The company is proud to have 13,768 employees and contractors, of which 95 per cent of senior management are local to the countries where the mine is located. Overall, 99 per cent of all employees are local.
Despite the challenges that COVID-19 presented, Pan American is on track to achieving its vision to be the world’s premier silver producer, with a reputation for excellence in discovery, engineering, innovation, and sustainable development.
For more information, visit the company’s website.