Pan American Silver

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 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.[6] 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%.[7]

As of November 2018, Pan American has six operating mines:[8]

• La Colorada Mine in Sonora, 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 Potosí 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 Junín Region, Peru, with 2017 production of 2.6 MOz of Silver

• Official website