Vision & Values

Pan American Silver Corp. was founded with a single mission: to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. Our strategy is based on solid principles:

• Steadily increasing low cost silver production
• A successful silver exploration program
• Constant replacement and addition of silver reserves and resources
• Generation of sustainable profits
• Leverage to higher silver prices by maintaining a no precious metals hedging philosophy

Pan American Silver Corp. has always had and will continue to maintain a no-hedging policy. The Company adopted this policy because it believes that limiting the upside of silver revenues goes against the very principle of its existence.