VANCOUVER, BC, May 31, 2022
/CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS)
("Pan American" or the "Company") is pleased to announce that it
has officially been confirmed as a signatory to the Voluntary
Principles ("VPs") on Security and Human Rights. The VPs are a set
of guidelines by which companies in the extractive sector can
maintain the safety and security of their operations while ensuring
respect for human rights and fundamental freedoms.
Since late 2020, Pan American has been implementing the
VPs at all its operations, including the Escobal site in
Guatemala that is on care and
maintenance. As of January 2022, all
of the Company's operations were compliant with the VPs on Security
and Human Rights. Training and audits will be performed on an
annual basis and progress reported upon in Pan American's annual
sustainability report.
"Pan American has always been committed to sustainable corporate
practices and social responsibility," said Michael Steinmann, President and CEO.
"Implementing standards, such as the VPs on Security and Human
Rights, provides assurance to our stakeholders that our practices
are aligned with global best practices."
"We welcome this opportunity to be part of a constructive
dialogue on industry challenges and the future of security and
human rights in the extractive sector," said Brent Bergeron, Senior Vice President of
Corporate Affairs and Sustainability. "Pan American's admission by
government, NGOs and corporate participants to the VPs reinforces
our strong commitment to implement and advance these important
human rights principles."
Pan American is also pleased to announce that it has been
accepted as Observers of the International Code of Conduct
Association ("ICoCA") for Security Providers. Pan American has
requested that all our contracted security providers qualify as a
member of good standing of ICoCA, and the Observer status allows us
to monitor the implementation of procedures and practices by our
contracted security providers to comply with ICoCA's International
Code of Conduct. Pan American's Communities and Sustainable
Development Committee of the Board of Directors regularly reviews
security matters, incidents, and activities across the Company.
For further information on Pan American's efforts and
performance in the areas of environment, social and governance,
please see our 2021 Sustainability Report at panamericansilver.com.
Pan American is also planning to host its annual ESG call on
September 22, 2022 at 11:00 am ET (8:00 am
PT). Further details will be provided closer to the
date.
About Pan American Silver
Pan American owns and operates silver and gold mines located in
Mexico, Peru, Canada,
Argentina and Bolivia. We also own the Escobal mine in
Guatemala that is currently not
operating. Pan American provides enhanced exposure to silver
through a large base of silver reserves and resources, as well as
major catalysts to grow silver production. We have a 28-year
history of operating in Latin
America, earning an industry-leading reputation for
sustainability performance, operational excellence and prudent
financial management. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ
and the Toronto Stock Exchange under the symbol "PAAS".
Learn more at panamericansilver.com.
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SOURCE Pan American Silver Corp.