Pan American Silver Corp. (Pan American) is engaged in the operation and development of and exploration for silver producing properties and assets. The Company's principal product is silver. The Company also produces and sells gold, zinc, lead, and copper. The Company is engaged in mining operations and is developing mining projects in Mexico, Peru, Argentina and Bolivia, and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company's principal products and sources of sales are silver and gold dore and silver bearing zinc, lead, and copper concentrates. As of December 31, 2014, the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo and San Vicente mines accounted for all of its production of concentrates and dore.