Make Kitco Your Homepage

Ross Beaty passes on chair of Pan American Silver

Kitco News

Founder Ross Beaty will relinquish the board chair of Pan American Silver, the company announced today.

Gillian Winckler will step in as chair, and Beaty will become chair emeritus, both effective May 12, 2021.

Beaty founded Pan American Silver in 1994 and has served as chair since then; he also was CEO of the company from its inception until 2004. During the last 27 years, the company has grown from a start-up to the world's second largest primary silver producer with the world's largest silver reserves and resources, while also becoming a significant gold producer.

In announcing his impending retirement, Mr. Beaty stated: "I am so proud and grateful to have worked with our wonderful and dedicated team in building this great company. I would also like to thank our shareholders, who have supported my vision of creating a world-class silver mining company. Pan American Silver has never been in a better financial and operating condition, with many prospects for growth. I have full confidence in the Company's leadership team and its employees to continue creating value for all stakeholders well into the future."

Pan American Silver owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.