Pan American Silver Corporation is a mining company based in Canada with operations in Latin America.

[3] Beaty had previously founded and run Equinox Resources, which he eventually sold to an American mining company.

[1] In 2020, research carried out by EJAtlas, MiningWatch Canada, Earthworks and the Institute for Policy Studies found that Pan-American Silver was involved in several environmental conflicts in Latin America and that these conflicts "demonstrate a lack of respect for communities defending their territories from mining.

[7][8] Tahoe's largest asset was its shuttered Escobal Silver Mine in Guatemala, which faced widespread protests and had significant human rights violations where security guards shot locals, leading to a high profile court case.

[8] Markets reacted to the news, with Pan American's share price falling 12% whereas Tahoe's rose 50%.