Pan American Silver (NYSE: PAAS) details 2025 ESG gains and goals
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Pan American Silver Corp. released its 2025 Sustainability Report, outlining environmental, social and governance performance and setting out 2026 sustainability goals. The report follows global standards such as GRI, SASB for Metals & Mining and aligns with the TCFD climate disclosure framework.
The company reports progress toward cutting global Scope 1 and 2 greenhouse gas emissions by at least 30% by 2030, expanded renewable energy certificate coverage to six mine sites, rehabilitated 62 hectares of land and invested US$20.4 million in community programs. It also highlights 95% retention of women employees, enhanced supplier due diligence and completion of external ESG verifications. Pan American’s 2025 sustainability performance was recognized by S&P Global through inclusion in the Dow Jones Best in Class North America Index and the S&P Global Sustainability Yearbook 2026.
Positive
- None.
Negative
- None.
Key Figures
Community investment 2025: US$20.4 million
Land rehabilitated: 62 hectares
Women employee retention: 95%
+4 more
7 metrics
Community investment 2025
US$20.4 million
Spent on community programs including local economic development, health and education in 2025
Land rehabilitated
62 hectares
On- and off-site rehabilitation across operations in 2025, exceeding annual biodiversity goal
Women employee retention
95%
Retention rate for women employees reported for 2025, tied to inclusion and diversity initiatives
Critical suppliers assessed
529 suppliers
Reviewed using a five-factor enhanced due diligence framework in 2025
GHG reduction target
30%
Planned reduction in global Scope 1 and 2 emissions by 2030 from updated 2019 baseline projections
Industry ESG ranking
Top 5%
Position in Metals & Mining industry in S&P Global Sustainability Yearbook 2026
Juanicipio JV interest
44%
Joint venture interest in the producing Juanicipio mine in Mexico
Key Terms
Scope 1 and 2 GHG emissions, International Renewable Energy Certificates (iRECs), Towards Sustainable Mining (TSM), Responsible Gold Mining Principles, +2 more
6 terms
Scope 1 and 2 GHG emissions financial
"reduce its global Scope 1 and 2 GHG emissions by at least 30% by 2030"
Scope 1 and 2 GHG emissions are the carbon and other greenhouse gases a company creates directly and indirectly from its operations: scope 1 covers emissions from sources the company owns or controls (like fuel burned in company vehicles or boilers), while scope 2 covers emissions tied to purchased electricity, heat or steam. Investors care because these figures show operational carbon intensity, potential regulatory or cost risks, and where efficiency improvements can cut both emissions and expenses—think of scope 1 as your home’s furnace and scope 2 as the electricity you buy from the grid.
International Renewable Energy Certificates (iRECs) financial
"Increased the International Renewable Energy Certificates (iRECs) coverage to six mine sites"
Towards Sustainable Mining (TSM) financial
"Completed external verification of Towards Sustainable Mining (TSM) performance at El Peñon, Jacobina and Timmins"
Towards Sustainable Mining (TSM) is an industry-led program that sets clear performance expectations and independent checks for how mining operations manage environmental, social and governance issues. Think of it like a health-inspection system for mines: TSM scores and public reports show how well a site handles risks such as water, tailings, worker safety and community relations, and can help investors gauge regulatory, legal and reputational risk as well as the prospects for steady long-term performance.
Responsible Gold Mining Principles financial
"Concluded a three-year implementation process of the World Gold Council’s Responsible Gold Mining Principles"
A set of practices and standards that guide how gold mines operate to protect people, the environment, and local communities while running their business responsibly. Think of it like regular maintenance and safety rules for a home—when followed, they reduce the chance of costly accidents, legal trouble, or reputational damage, making the mine’s output and the company’s financial outlook more predictable and attractive to investors.
Dow Jones Best in Class (DJ BIC) North America Index financial
"Pan American is a constituent of the Dow Jones Best in Class (DJ BIC) North America Index"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 6-K
____________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT of 1934
May 27, 2026
_____________________
Pan American Silver Corp.
(Exact name of registrant as specified in its charter)
2100-733 SEYMOUR STREET
VANCOUVER BC CANADA V6B 0S6
(Address of principal executive offices)
001-41683
(Commission File Number)
_____________________
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
| Form 20-F | Form 40-F | X | |||||||||||||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
EXHIBIT LIST
| Exhibit | Description | |||||||
| 99.1 | News Release - Pan American Silver Releases 2025 Sustainability Report | |||||||
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Pan American Silver Corp. | ||||||||
| (Registrant) | ||||||||
| Date: May 27, 2026 | By: | /s/ “Michael Steinmann” | ||||||
| Michael Steinmann | ||||||||
| President and CEO | ||||||||
 | NEWS RELEASE | ||||
Pan American Silver Releases 2025 Sustainability Report
Vancouver, B.C. - May 27, 2026 - Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today released its 2025 Sustainability Report (the "Report"), highlighting the Company's approach and performance in key environmental, social and governance ("ESG") areas. Spanish and Portuguese versions of the Report will be available shortly.
Highlights of Pan American's 2025 ESG performance include:
•Surpassed the annual greenhouse gas emissions ("GHG") reduction target, which keeps the Company on track to reduce its global Scope 1 and 2 GHG emissions by at least 30% by 2030(1).
•Increased the International Renewable Energy Certificates (iRECs) coverage to six mine sites, adding El Peñon, Jacobina and Shahuindo in 2025.
•Rehabilitated 62 hectares of land on- and off-site across our operations, exceeding the Company’s annual biodiversity goal.
•Invested US$20.4 million in community programs, including three new local economic development initiatives, while also continuing to focus on health and education programs.
•Achieved 95% retention of women employees, while continuing to implement initiatives to support workforce inclusion and diversity.
•Assessed 529 critical suppliers(2) through our enhanced due diligence process.
•Completed external verification of Towards Sustainable Mining (TSM) performance at El Peñon, Jacobina and Timmins.
•Concluded a three-year implementation process of the World Gold Council’s Responsible Gold Mining Principles(3) (RGMP) at our gold mining operations.
The Report outlines Pan American’s 2026 sustainability goals and has been prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Metals & Mining Sustainability Accounting Standard. The Report also includes information aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) framework.
This Report marks the 16th annual Sustainability Report published by Pan American, underscoring the Company's long-standing commitment to transparent sustainability disclosure. For more information on Pan American’s sustainability efforts and to access all reports, visit https://www.panamericansilver.com/sustainability/
Pan American is a constituent of the Dow Jones Best in Class (DJ BIC) North America Index.
Pan American’s sustainability performance in 2025 was recognized by S&P Global, including the Company in the DJ BIC North America Index. The DJ BIC are float-adjusted market capitalization weighted indices that track equity markets while applying a sustainability best-in-class selection process. Pan American’s inclusion in this index reflects the Company's continuous improvement in sustainability performance and its commitment to responsible mining.
Pan American was also included in the S&P Global Sustainability Yearbook 2026, selected from over 9,200 companies across 59 industries. The Company ranks in the top 5% of the Metals & Mining industry based on our sustainability performance.
(1)From our updated 2019 baseline GHG emissions projections.
(2)"Critical suppliers" are identified using a five-factor prioritization framework: (a) presence of supplier personnel at our mining operations; (b) annual spend above established thresholds; (c) environmental risk associated with the supplier’s activities; (d) legal risk associated with the services provided; and (e) the supplier’s potential impact on the continuity of our operations.
(3)The Responsible Gold Mining Principles establish clear expectations for consumers, investors and the downstream gold supply chain regarding responsible gold mining.
| PAN AMERICAN SILVER CORP. | 1 | |||||||
| NEWS RELEASE | ||||
About Pan American Silver
Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, 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 the New York Stock Exchange and the Toronto Stock Exchange under the symbol "PAAS".
Learn more at panamericansilver.com
Follow us on LinkedIn
For more information contact:
Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: ir@panamericansilver.com
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the anticipated reduction of the Company’s global Scope 1 and 2 GHG emissions by at least 30% by 2030, and the Company’s 2026 sustainability goals.
These forward-looking statements and information reflect the current views of Pan American with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Pan American, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies, and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include: Pan American’s ability to continue to achieve its GHG emissions reduction objectives and to achieve its sustainability goals, and the timing for any such achievements; future changes in the environment and climate that may be unanticipated and the impacts on our business, availability of funds for Pan American’s projects and future cash requirements; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to properties and the surface rights necessary for our operations and activities; and our ability to comply with environmental, health and safety, and other laws. The foregoing list of assumptions is not exhaustive.
Forward-looking statements and information involve many known and unknown risks, uncertainties and other factors that could cause actual results or performance to be materially different from the results or performance that are or may be expressed or implied by such forward-looking statements or information, including, but not limited to, factors, such as: metal price fluctuations, fluctuation in the costs of energy, labour, materials and other inputs, fluctuations in currency markets and exchange rates, operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, and severe weather events); risks relating to the credit worthiness, financial condition or business practices of suppliers, refiners and other parties with whom Pan American does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, as well as other legal or economic developments, in the jurisdictions where we may carry on business; and those factors identified under the heading “Risks Related to Our Business” in Pan American’s most recent Form 40-F and Annual Information Form filed with the U.S. Securities and Exchange Commission and with Canadian provincial securities regulatory authorities, respectively. Pan American has attempted to identify important factors, but there may be other factors that cause results not to be as anticipated, estimated, intended or described. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements and information. Pan American does not intend, nor assume, any obligation to update or revise forward-looking statements and information except to the extent required by applicable law.
| PAN AMERICAN SILVER CORP. | 2 | |||||||
FAQ
What did Pan American Silver (PAAS) release in its latest 6-K filing?
Pan American Silver released its 2025 Sustainability Report summarizing key ESG performance. It details environmental, social and governance results, 2026 sustainability goals, and alignment with GRI, SASB and TCFD frameworks, plus recognition from S&P Global sustainability indices.
How is Pan American Silver (PAAS) addressing greenhouse gas emissions in 2025?
Pan American Silver reports surpassing its 2025 annual greenhouse gas reduction target. This progress keeps the company on track toward reducing global Scope 1 and 2 GHG emissions by at least 30% by 2030, based on updated 2019 baseline emissions projections.
How much did Pan American Silver (PAAS) invest in communities in 2025?
Pan American Silver invested US$20.4 million in community programs during 2025. Spending supported three new local economic development initiatives and ongoing health and education programs across its operating regions in the Americas.
What workforce diversity results did Pan American Silver (PAAS) report for 2025?
Pan American Silver achieved 95% retention of women employees in 2025. The company notes it is continuing to implement initiatives aimed at workforce inclusion and diversity across its operations in multiple countries in the Americas.
How were Pan American Silver’s (PAAS) ESG efforts recognized externally for 2025?
Pan American Silver was included in the Dow Jones Best in Class North America Index and the S&P Global Sustainability Yearbook 2026. The company ranks in the top 5% of the Metals & Mining industry based on its 2025 sustainability performance.
Which standards guide Pan American Silver’s (PAAS) 2025 Sustainability Report?
The 2025 Sustainability Report follows Global Reporting Initiative Standards and the SASB Metals & Mining Sustainability Accounting Standard. It also includes information aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) climate reporting framework.