“2023 was a transformative year for Pan American Silver, during which we made significant progress in looking after the health and safety of our people, completing the acquisition of Yamana, publishing the Preliminary Economic Assessment (PEA) for the La Colorada Skarn project, and advancing many sustainability initiatives.

I am excited for the future of Pan American. We are well positioned to take advantage of opportunities and navigate the challenges that may arise due to our strong balance sheet and portion of operation assets that has significant upside potential.”

Gillian Winckler, Chair of the Board

“Pan American proudly celebrates 30 years of operating in the Americas. Over the last five years, we have doubled the size of the Company through two accretive acquisitions, establishing a robust base for continued growth and cash flow generation.

I extend my heartfelt thanks to our dedicated employees and the communities we serve for their unwavering support. Together, we embark on the next chapter of Pan American Silver’s journey with confidence and enthusiasm.”

Michael Steinmann, CEO

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2023 Highlights

Leaf Icon
Zero
Significant Environmental Incidents
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1297531
hours of safety training in 2023
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$
14,714,000
in community investments
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23%
reduction in GHG Emissions compared to the 2023 base case
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Zero
New social disputes
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89
Rehabilitated over 89 hectares across our operations
Responsabilidad Hídrica
Reduced
over 170,700 m3 in Water Use compared to 2023 base case
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45%
Of our Board Members are women, including our Board Chair (Current women Board representation is 56% as of May 8, 2024)

Our Commitment to the UN SDGs

In 2023, we have aligned the objectives of eight prioritized SDGs with our 2023 Sustainability Goals, which will drive our performance and maximize positive impact in these areas.

Here you’ll find a few of these SDG highlights. To see all of our commitments to the UN SDGs, please click the link below.

View All our Prioritized UN SDG Goals

Goal:

Ensure healthy lives and promote well-being for all at all ages.

Mining can contribute to SDG3 by championing occupational health and safety, offering and encouraging preventative care, mitigating the spread of disease, and increasing mental health awareness in our COI communities.

Learn more about how we’re working on SDG3 on our UN Sustainable Development Goals page.

Goal:

Achieve gender equality and empower all women and girls.

As a historically male-dominated industry, mining can contribute to this SDG by offering equal opportunities for women and practising gender inclusion across the business and project life cycle.

Learn more about how we’re working on SDG5 on our UN Sustainable Development Goals page.

Goal:

Ensure access to affordable, reliable, sustainable and modern energy for all.

Through improving energy efficiency and incorporating renewable energy, the mining industry can make a significant contribution to SDG7.

Learn more about how we’re working on SDG7 on our UN Sustainable Development Goals page.

Goal:

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

The mining industry can contribute to SDG8 by providing well-paid direct and indirect jobs. In particular, mining can contribute to the economic outcomes of local communities by supporting and procuring from local suppliers.

Learn more about how we’re working on SDG8 on our UN Sustainable Development Goals page.

Goal:

Target urgent action to combat climate change and its impacts.

Mining companies can contribute to SDG13 by reducing emissions, building climate change resilience, and recognizing climate change in planning and investment.

Learn more about how we’re working on SDG13 on our UN Sustainable Development Goals page.

Women Holding Quilts

2023 Sustainability Report

Our 2023 Sustainability Report was pre­­pared in accordance with Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Standard. It also contains information in consideration of the Task Force on Climate Related Financial Disclosures (TCFD) reporting framework.

2023 Sustainability Report

Read the Report

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