Company Report: Pan American Silver Corp

Pan American Silver Corp

Pan American Silver Corp: Silver Lining
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  • Name: Pan American Silver Corp
Silver mining is a complicated dance, but it's one Pan American Silver Corp. has mastered In twelve short years the Pan American Silver Corp., based in Vancouver, British Columbia, Canada, has become one of the largest primary producers of mined silver in the world and intends to be the largest this year. To say the least, it is no easy task to have climbed such heights in such a short period of time as there are a number of moving parts within a company based in Canada, but whose mining facilities are located in Mexico and South America.
Further, mined commodities, which include silver, operate in markets with significant fluctuations that must be anticipated as new silver mines are sought and brought online by the company. It is one thing to have a producing silver mine, but the trick is pulling enough silver from the ground in a manner that is profitable when silver prices are waxing and waning. In short, can you grow and operate profitably during down cycles in the price of silver?
"Investors interested in the silver market can choose from about eight or nine silver companies as to which is the best silver mining company, and that is where, as a publicly traded company, we interface with the market," says Geoff Burns, president and CEO of Pan American. "Our job is convincing the investor community that we are the best share to buy if they have a desire to get into silver within the precious metal stocks."

How they do it