VANCOUVER, BC, May 31, 2022 /PRNewswire/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) is pleased to announce that it has been officially confirmed as a signatory to the Voluntary Principles (“VP”) on Security and human rights. The VPs are a set of guidelines by which extractive sector companies can maintain the safety and security of their operations while ensuring respect for human rights and fundamental freedoms.

Since the end of 2020, Pan American has been implementing VPs in all of its operations, including the Escobal site in Guatemala that is, on care and maintenance. From January 2022, all of the company’s operations were compliant with the VPs on Safety and Human Rights. Training and audits will be conducted on an annual basis and progress will be reported in Pan American’s annual sustainability report.

“Pan American has always been committed to sustainable business practices and social responsibility,” said Michael Steinman, Chairman and CEO. “Implementing standards, such as the VPs of Security and Human Rights, gives our stakeholders confidence 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 Sustainable Development. “Pan American’s admission by government, NGO and participating companies to the VPs reinforces our strong commitment to implementing and advancing these important human rights principles.”

Pan American is also pleased to announce that it has been accepted as an observer of the International Code of Conduct Association (“ICoCA”) for security vendors. Pan American has required that all of our contracted security providers qualify as ICoCA members in good standing, and observer status allows us to monitor the implementation of procedures and practices by our contracted security providers to comply with the ICoCA International Code of Conduct. Pan American’s Communities and Sustainability Committee of the Board of Directors regularly reviews safety issues, incidents and activities across the company.

For more information on Pan American’s environmental, social and governance efforts and performance, please see our 2021 Sustainability Report at Pan American also plans to hold its annual ESG call on September 22, 2022 at 11:00 a.m. ET (8:00 a.m. PT). Further details will be provided closer to the date.

About Pan Am Money

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 which is currently not working. Pan American offers increased exposure to silver through a broad base of silver reserves and resources, as well as major catalysts to increase silver production. We have been operating for 28 years in Latin America, earning a reputation as an industry leader for its sustainability performance, operational excellence and prudent financial management. We have our head office at Vancouver, BC and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol “PAAS”.

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SOURCE Pan American Silver Corp.