34 2 01 9 S U S T AINABILITY REPOR T QA with R ob D o yle CF O Q W h a t s t h e r e l a t i o n s h i p b e t we e n f n a n c e a n d s u s t a i n a b i l i t y A Financ e is an int egr al p art o f sus t ainabilit y B eing a fnancially he alth y and s t able c omp an y allo w s us t o c ontribut e both dir ectly and indir ectly t o w ar ds meeting our sus t ainabilit y g o als in the r egions wher e w e oper at e F or e x ample w e p a y t ax e s r o y altie s and f ee s t o loc al g o v ernment s and tho s e p a yment s c an be in v e s t ed b ack int o s ocial pr ogr ams and c ommunit y infr as tructur e Hiring loc ally and pr o viding c ompetitiv e w ag e s als o s er v e s t o s timulat e loc al ec onomic activit y in r egions wher e w e oper at e What s int er e s ting no w ho w e v er is the gr o wing r ec ognition that in v e s tment s in sus t ainabilit y mak e g ood fnancial s ens e b y lo w ering risk attr acting c apit al and g aining s ocial ac c ept anc e P an Americ an Silv er has alw a y s s een c ommunit y f ocus ed pr ogr ams as e s s ential t o suc c e s s A s an e x ample w e pr ocur e the v as t majorit y o f the pr oduct s and s er vic e s w e need f or our busine s s fr om loc al supplier s In v e s ting in c ap acit y building o f loc al busine s s e s help s tho s e busine s s e s impr o v e their pr actic e s W orking with tho s e busine s s e s help s us build c ommunit y r elationship s as w ell as a mor e c o s t ef ectiv e and r e silient supply chain W e als o w ork with ho s t c ommunitie s t o identif y cr e at e and support sus t ainable de v elopment pr ogr ams which help s us t o bett er under s t and the needs and prioritie s o f tho s e ho s t c ommunitie s The s e initiativ e s impr o v e loc al qualit y o f lif e which in turn is k e y t o building and maint aining the c ommunit y support w e need t o oper at e in the long t erm Q Ho w d oes P a n A mer i c a n S i l v er s b u s i n es s i mp a c t l oc a l e c o n o m i es a n d c o m m uni t i e s A I t ak e gr e at pride in the po sitiv e ec onomic imp act s our C omp an y has on the c ommunitie s and ar e as ar ound our oper ations O ur need f or skilled labour tr anslat e s int o job s and busine s s opportunitie s f or ho s t c ommunitie s W e hir e loc ally and pr o vide our w orkf or c e with c ompetitiv e w ag e s and bene ft s Whene v er po s sible w e pr ocur e g oods and s er vic e s loc ally f or mine oper ations and maint enanc e W e als o pr o vide tr aining and c ap acit y building t o loc al c omp anie s pr o viding s er vic e s and supplie s t o our mine s which c an me an long t erm emplo yment opportunitie s f or the c omp anie s W ith our ac quisition o f T ahoe R e s our c e s in e arly 2 01 9 our s ocioec onomic de v elopment pr ogr ams w er e e xt ended t o the c ommunitie s ne ar our ne w sit e s W e w ork har d t o mak e sur e w e le a v e a leg ac y o f ec onomic bene ft s that e xt end be y ond the lif e o f our mine s E c o n o m ic B e n ef t s