Yamana Gold

What Yamana Gold does

Pan American Silver Corp. is a publicly traded precious metals mining company (NYSE/TSX: PAAS) founded in 1994 and headquartered in Vancouver, British Columbia. The company operates a diversified portfolio of mining and exploration assets located across the Americas — including Mexico, Peru, Argentina, Bolivia, Chile, and Canada — and produces silver, gold, zinc, lead, and copper. Its asset base is organized into two reporting segments: a Silver Segment (Juanicipio, La Colorada, Cerro Moro, Huaron, San Vicente, Escobal, La Colorada Skarn, Navidad) and a Gold Segment (Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, Dolores).

The company generates revenue through the extraction and sale of metals to downstream processors, refineries, and commodity traders via established global commodity market channels, with realized prices determined by spot markets for silver, gold, zinc, lead, and copper. The company also participates in joint venture arrangements — most notably a 44% interest in the Juanicipio mine in Mexico. On September 4, 2025, Pan American Silver completed the acquisition of MAG Silver Corp., adding the 44% Juanicipio joint venture interest, 100% ownership of the Larder exploration project, and an option to earn 100% interest in the Deer Trail exploration project.

The go-to-market motion is primarily an investor-relations-driven model: financial reporting, shareholder communications, sustainability reporting, and stock exchange listings (NYSE and TSX) are the principal touchpoints with capital markets participants, while physical metal output is sold into commodity markets. Customer-facing interactions are channeled to industrial metal buyers and refiners, while engagement with local communities and Indigenous Peoples, plus Peruvian government public infrastructure programs, form the operational/sustainability backbone. Note: The supplied source data describes Pan American Silver Corp. — there is no first-party data on Yamana Gold as a standalone entity in the input.

Name

Yamana Gold

Legal name

Pan American Silver Corp.

Website

https://yamana.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Pan American Silver Corp. is a publicly traded precious metals miner (NYSE/TSX: PAAS) that produces silver, gold, zinc, lead, and copper from a diversified portfolio of mines across the Americas, selling output into global commodity markets and engaging investors through capital markets channels.

Ownership category

akta.pro rank

Product category

Precious Metals Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industries

Gold Mining (IMAKAEAA), Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Silver mining operations
• Gold mining operations
• Precious metals production
• Mineral resource extraction
• Mining exploration assets

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Precious Metals Sales (Silver and Gold): Pan American Silver generates revenue primarily through the extraction and sale of silver and gold, with additional contributions from zinc, lead, and copper. The company has a diversified portfolio of mining operations across the Americas producing multiple metal products.
2. Joint Venture Operations: The company participates in joint venture arrangements for certain mines, such as the 44% JV interest in the Juanicipio mine in Mexico, generating proportionate share of production and revenues.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Yamana Gold extracts and sells silver, gold, zinc, lead, and copper from a diversified portfolio of operating mines and exploration assets across the Americas. The company operates two segments — a Silver Segment and a Gold Segment — and participates in joint venture arrangements such as the 44% interest in the Juanicipio silver mine in Mexico.

Product overview

Pan American Silver operates as the world's premier silver producer with a diversified portfolio of mining and exploration assets. The company produces silver, gold, zinc, lead, and copper through mines located throughout the Americas. The portfolio consists of two main segments: Silver Segment (including Juanicipio, La Colorada, Cerro Moro, Huaron, San Vicente, Escobal, La Colorada Skarn, and Navidad mines) and Gold Segment (including Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores mines). Following the September 2025 acquisition of MAG Silver Corp., the company added a 44% joint venture interest in the Juanicipio silver mine and exploration projects including Larder and Deer Trail.

Differentiator

Problem solved

Functional benefit

Products and services

• Silver Mining Operations

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• MAG Silver Corp.coreStrategic or Co-development Partner · 4 September 2025Pan American Silver completed the acquisition of MAG Silver Corp., adding a 44% joint venture interest in the large-scale, high-grade Juanicipio silver mine in Zacatecas, Mexico. The acquisition also included 100% ownership of the Larder exploration project and an option to earn a 100% interest in the Deer Trail exploration project.
• Peruvian Government (Public Works for Taxes Program)minorStrategic or Co-development PartnerIn Peru, Pan American is working with the government under a program aimed at encouraging private investment in public infrastructure projects.
• Local Communities and Indigenous PeoplescoreStrategic or Co-development PartnerPan American collaborates with local communities and Indigenous Peoples, whose contributions help manage potential risks and impacts, identify opportunities, and develop programs that deliver lasting and mutual benefits. Programs include guinea pig breeding projects, avocado production chains, and infrastructure development.

Scale indicators4 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Newmont Corporation: Newmont is the world's largest gold mining company with operations across the Americas, Africa, and Australia. Although primarily gold-focused and far larger than Pan American, it is a major comparable in the Americas precious-metals mining space and overlaps in geographies such as Mexico, Peru, and Canada.
• Kinross Gold: Kinross Gold is a mid-tier gold miner with operating mines across the Americas (U.S., Brazil, Chile, Canada) and West Africa. Its Americas portfolio and gold-primary business model make it a relevant comparable in the precious-metals-miner investor universe.
• Agnico Eagle Mines: Agnico Eagle is a senior gold and silver producer with a strong Americas footprint (Canada, Mexico, Finland), making it a comparable Americas-based diversified precious-metals miner. It competes for capital in the same investor base seeking precious-metals exposure.
• Barrick Gold: Barrick Gold is one of the largest gold and copper miners globally, with operations across the Americas (including the Americas region where Pan American operates). Although primarily a gold-major, it competes for capital and represents the broader incumbent peer set.

Direct peers

• Endeavour Silver: Endeavour Silver is a mid-tier silver and gold producer operating three producing mines in Mexico, with a similar Americas-focused, silver-led business model. It competes directly with Pan American for investors seeking leveraged silver exposure.
• Coeur Mining: Coeur Mining is a precious metals miner producing silver and gold across the Americas (Mexico, U.S., Canada) with a comparable multi-mine, Americas-focused operating footprint. Both companies emphasize silver exposure alongside gold production.
• First Majestic Silver: First Majestic Silver is a publicly traded silver and gold producer with multiple operating mines in Mexico and the Americas, making it one of the most direct comparables to Pan American's silver-focused portfolio. Both companies pursue a silver-price-investment thesis and operate in overlapping Latin American jurisdictions.
• Hecla Mining Company: Hecla Mining is one of the largest silver producers in North America, operating mines in the U.S. (Greens Creek, Lucky Friday) and Mexico (San Sebastian), with a similar dual silver-gold business model and investor base tied to silver price exposure.

Emerging players

• SilverCrest Metals: SilverCrest Metals is an emerging precious-metals producer focused on high-grade silver-gold projects in Mexico (Las Chispas). Although smaller and earlier-stage than Pan American, it overlaps in the silver-focused, Americas-region precious-metals space.

Others

• Yamana Gold: Yamana Gold was a Canadian precious-metals miner with a portfolio of gold and silver mines across the Americas (Canada, Brazil, Argentina, Chile). It was acquired by Pan American Silver and other parties in 2022-2023; as a former direct competitor and combined-entity predecessor, it remains a relevant historical/structural comparable.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/yamana-gold-inc
• Xx.com/yamanagoldinc
• Facebookfacebook.com/yamanagoldinc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yamana Gold