VANCOUVER, Dec. 7, 2012 /CNW/ - Pan American Silver Corp. ("Pan American" or the "Company") (NASDAQ: PAAS) (TSX: PAA) After 17 years of dedicated service, Mr.
Michael Maloney has retired from his post as a Director of Pan
American, effective today.
Mr. Maloney, a former lawyer and now a private investor based in the
United States, first joined Pan American's board in September 1995. He
was Chairman of the Company's Nominating and Governance Committee, as
well as a member of the Audit Committee.
Ross Beaty, Pan American's founder and Chairman, said; "On behalf of
everyone at Pan American I want to thank Michael for his long service
on Pan American's board. Michael helped guide Pan American through its
evolution from a junior, single-mine silver producer, to one of the
world's leading silver companies. I will personally miss Michael's
steady hand and sage counsel, which he provided not only to our board
but to our senior management group. I thank him again for his years of
dedicated service and wish him all the best in the future."
Pan American's board of directors is now composed of eight directors,
five of them independent, and Mr. Neil de Gelder will replace Mr.
Maloney on the Company's Nominating and Governance Committee as well as
on the Audit Committee.
About Pan American Silver
Pan American Silver's mission is to be the world's pre-eminent silver
producer, with a reputation for excellence in discovery, engineering,
innovation and sustainable development. The Company has seven operating
mines in Mexico, Peru, Argentina and Bolivia, including the recently
acquired Dolores gold/silver mine in Chihuahua, Mexico. Pan American
also owns the Navidad silver development project in Chubut, Argentina,
the Calcatreu gold project in Rio Negro, also in Argentina, the La
Virginia development project in Sonora, Mexico and the Waterloo silver
project in California, USA.
SOURCE: Pan American Silver Corp.
For further information:
Manager, Investor Relations