About this Report On Pan American Silver’s 25th year of operation, we are proud to release our 10th annual sustainability report. These reports communicate our vision of sustainability, share how we address sustainable development in the context of our business, disclose how we manage environmental, workplace and social issues, and demonstrate progress toward our sustainability goals and initiatives. Reporting also allows us and stakeholders to benchmark our performance against industry peers. Throughout this report, we refer to Pan American Silver Corp. as Pan American Silver or the Company and use the terms we, us and our to refer to Pan American Silver Corp. and its subsidiaries. Audience The intended audience for this report is our stakeholders, which we refer to as communities of interest, or COIs. This group includes shareholders, employees and contractors, unions, local communities, governments, suppliers, industry associations and regulatory agencies, non-governmental organizations, and civil society. Environmental, Social and Governance (ESG) focused investors are increasingly a part of our audience.
“I am proud of our continued commitment to building and maintaining a reputation for excellence in discovery, engineering, innovation, safety and long-term sustainability.”
Content and Scope We regularly engage with COIs to identify the issues that are most important to them. This report describes our management approach and performance with respect to these issues within the context of our overall sustainability and business strategies. Pan American Silver acquired Tahoe Resources Inc. (Tahoe or Tahoe Resources) on February 22, 2019. Tahoe’s mines have been incorporated into our reporting. With this acquisition, we have adapted our sustainability performance reporting while maintaining our core values. Consequently, this report includes additional sustainability disclosures and information on our practices. The scope of this report covers our nine mining operations: • • • • •
Timmins West and Bell Creek operation in Canada La Colorada and Dolores in Mexico Huaron, La Arena, Morococha, and Shahuindo in Peru Manantial Espejo in Argentina San Vicente in Bolivia
Our Escobal mine in Guatemala is on care and maintenance, and our Alamo Dorado mine in Mexico is in post-closure. However, certain operating, people management, economic, environmental, and social data for these mines and properties are included in this report. Our other development projects and exploration sites are excluded from the scope of this report, with the exception of certain data and information related to safety and people management. When applicable, we include information and data regarding our headquarters in Vancouver and our regional offices. 2 // 2019 SUSTAINABILITY REPORT
- Michael Steinmann
