Pan American Silver

Pan American Silver Corporation

Company type	Public
Traded as	TSX: PAA Nasdaq: PAAS
Industry	Metals
Founded	1994
Headquarters	Vancouver, Canada
Key people	Michael Steinmann, CEO
Revenue	US$301 million (2007)
Number of employees	7,300
Website	www.panamericansilver.com

Pan American Silver Corporation is a mining company in Canada. The company has mines and other projects in the United States, Mexico, Peru, Bolivia and Argentina.

In 2006 the company extracted 709 tonnes of Silver, 2.1 tonnes of Gold, 59,000 tonnes of Zinc, 27,000 tonnes of Lead and 5,700 tonnes of Copper.

History

Pan American Silver is the continuing corporation of Pan American Energy Corporation, which was incorporated under the Company Act (British Columbia) on March 7, 1979. The Company underwent two name changes: in September 1984 to Pan American Minerals Corp., and finally in April 1995 the Company was renamed Pan American Silver Corp.

Pan American Silver was founded in April 1994 by Ross Beaty and John Wright, after Equinox Resources, which had been founded and built with a successful gold mining company by Mr. Beaty, was taken over by a well-known U.S. mining company. Mr. Beaty realized that the fundamentals of the silver market warranted an increase in the long-term price of silver and that there were few well-valued and well-structured stocks available to investors interested in gaining exposure to silver.

See also

• Official site