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Mission Statement

Pan American Silver is committed to achieving excellence in all of its activities. Our objective is to maximize long-term benefits to our shareholders while meeting or exceeding our corporate responsibilities. In each country in which it operates, Pan American Silver is committed to conducting its business honestly and ethically. We strive to deal with everyone fairly and openly, and our managers, employees and contractors have committed to conform to the spirit, intent, and technical requirements of the laws, regulations and rules which govern us. We value our reputation and the trust and confidence placed in us by our stakeholders. The Company has a strong Code of Conduct for its officers and high standards for reporting and disclosure. We are committed to dealing with challenges and community issues in a lawful and responsible manner. We will act to overcome all such challenges while providing appropriate support to those affected. The Company strives to minimize adverse environmental impacts arising in connection with its operations, provide a safe and healthy workplace for employees and contractors, and conserve both human and environmental resources for future generations.

Corporate responsibility is an evolving challenge for all companies. As such, the Company's operating subsidiaries have been mandated to continue to improve management systems, policies, programs and practices for responsible financial reporting and for conducting mining operations and mineral exploration in a safe, environmentally sound and locally acceptable manner.

Awards and Accomplishments

Peruvian Environmental Awards
April 2000 - Quiruvilca Mine received first prize for environmental management in the category of polymetallic deposits from OLAMI (Organization of Latin American Mining)

Quiruvilca competed against much larger companies, some with ISO 14000 certification.

OLAMI: Organizacion Latinoamericana de Mineria includes members from 15 countries and was founded in 1985 to facilitate progressive development in geology, mining and metallurgy in Latin American and Caribbean regions.

December 1999 - Quiruvilca Mine received the Award of Environmental Effort in the mining sector from Sociedad Nacional de Mineria Petroleo y Energia (SNMPE) for rehabilitation of the Rio Moche, one of Peru's major rivers.

December 1997 - Quiruvilca Mine received an award from SNMPE for successful rehabilitation and restoration of the historic Almirvilca tailings facility, the first such tailings reclamation in Peru.

Mexican Environmental Awards
August 1999 - La Colorada project received the Award of Environmental Merit from Camera Minera de Mexico (CAMIMEX)

La Colorada had the lowest ranking of the 30 projects competing but was the only development project to be rated (the remainder are in production), and the only entity with less than a one-year record of Health, Safety and Environment experience.