Pan American Silver Corp. is a Canadian silver mining company based in Vancouver, BC. The Company was founded in 1994 with the intention to provide investors with the best vehicle to gain real exposure to silver. Pan American is the second-largest primary silver mining company in the world, with seven operating silver mines in Peru, Mexico, Argentina and Bolivia. The Company also owns the Navidad silver deposit, one of the largest undeveloped silver deposits in the world and is the operator of the La Preciosa silver project. Pan American's mission is to be the largest low-cost primary silver mining company worldwide. Its growth strategy is based on the continued increase of low-cost silver production through the efficient operation and expansion of theirr existing mines, an aggressive exploration program to replace the silver ounces mined each year and the increase of their silver Reserves and Resources, and the acquisition and development of new silver-rich deposits.