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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001130319-02-001157.txt : 20021108
<SEC-HEADER>0001130319-02-001157.hdr.sgml : 20021108
<ACCEPTANCE-DATETIME>20021108172336
ACCESSION NUMBER:		0001130319-02-001157
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20021108
FILED AS OF DATE:		20021108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAN AMERICAN SILVER CORP
		CENTRAL INDEX KEY:			0000771992
		STANDARD INDUSTRIAL CLASSIFICATION:	SILVER ORES [1044]
		IRS NUMBER:				999999999
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13727
		FILM NUMBER:		02814770

	BUSINESS ADDRESS:	
		STREET 1:		1500-625 HOWE STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2T6

	MAIL ADDRESS:	
		STREET 1:		1500 625 HOWE ST
		CITY:			VANCOUVER BC V6C 2T6
		STATE:			A1
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAN AMERICAN MINERALS CORP
		DATE OF NAME CHANGE:	19950608
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>o08209e6vk.htm
<DESCRIPTION>CURRENT REPORT FOR THE MONTH OF NOVEMBER 2002
<TEXT>
<HTML>
<HEAD>
<TITLE>Press Release Dated November 8, 2002</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="3"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</FONT>

<P align="center"><FONT size="2"><B>WASHINGTON, D.C. 20549</B>
</FONT>

<P>
<HR width="20%" align="center" size="1" noshade>
<P>


<P align="center"><FONT size="4"><B>FORM 6-K</B>
</FONT>

<P align="center"><FONT size="2"><B>REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16</B>
</FONT>

<P align="center"><FONT size="2"><B>UNDER</B>
</FONT>

<P align="center"><FONT size="2"><B>THE SECURITIES EXCHANGE ACT OF 1934</B>
</FONT>

<P align="center"><FONT size="2"><B>FOR THE MONTH OF NOVEMBER 2002</B>
</FONT>

<P align="center"><FONT size="4"><B>PAN AMERICAN SILVER CORP.</B></FONT><BR>
<FONT size="2">(Registrant&#146;s name)
</FONT>

<P align="center"><FONT size="2"><B>1500-625 HOWE ST. VANCOUVER, BC
V6C 2T6 CANADA</B><BR>
(Address of principal executive offices)
</FONT>

<P><FONT size="2">Indicate by check mark whether the registrant files or will file annual reports
under cover Form&nbsp;20-F or Form&nbsp;40-F.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="40%">
<TR valign="bottom">
        <TD width="23%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="15%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="15%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="23%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top" nowrap><FONT size="2">Form&nbsp;20-F</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap valign="top"><FONT size="2">Form&nbsp;40-F
</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">[&nbsp;&nbsp;X&nbsp;&nbsp;]</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule&nbsp;12g3-2(b) under the Securities Exchange Act of 1934.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="40%">
<TR valign="bottom">
        <TD width="28%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="28%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top" nowrap><FONT size="2">Yes</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap valign="top"><FONT size="2">No</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">[&nbsp;&nbsp;X&nbsp;&nbsp;]</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>


<P><FONT size="2">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in
connection with Rule&nbsp;12g3-2(b): 82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the
undersigned, thereunto duly authorized.
</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="51%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>

<TD colspan="3" align="left" valign="top"><FONT size="2"><B>PAN
AMERICAN SILVER CORP.</B></FONT></TD>
</TR>
<TR>
 <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Date: November&nbsp;8, 2002</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap colspan="3" valign="top"><FONT size="2">
By&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Anthony Hawkshaw</FONT></TD>
</TR>
<TR>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" colspan="3" valign="top"><FONT size="2">
<HR size="1" width="80%" noshade></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap valign="top"><FONT size="2">
Name:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap valign="top"><FONT size="2">
Anthony Hawkshaw</FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap valign="top"><FONT size="2">
Title:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" nowrap valign="top"><FONT size="2">
Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
</CENTER>


<P>&nbsp;
<P>&nbsp;

<P align="center"><FONT size="2"><B>EXHIBIT INDEX</B>
</FONT>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a list of Exhibits
included as part of this Report on Form&nbsp;6-K.

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="90%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Exhibit No.</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left"><FONT size="1"><B>Description</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left"><HR size="1" noshade width="40%"></TD>
</TR>

<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">99.1
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">Press Release dated
November&nbsp;8, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>


<P align="center"><FONT size="2"></FONT>


</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>o08209exv99w1.txt
<DESCRIPTION>PRESS RELEASE DATED NOVEMBER 8, 2002
<TEXT>
<PAGE>
                                                                    EXHIBIT 99.1

                                                             [PAN AMERICAN LOGO]

                                 NEWS RELEASE

November 8, 2002


            PAN AMERICAN ACQUIRES PERUVIAN SILVER ASSETS FROM VOLCAN

Vancouver, British Columbia ...(all currency amounts in US dollars)... Pan
American Silver Corp. (NASDAQ: PAAS; TSE: PAA) announces that it has entered
into two agreements with Volcan Compania Minera, a major Peruvian mining company
regarding two large silver-bearing stockpiles located adjacent to Volcan's Cerro
de Pasco operation in central Peru, about 36 km from Pan American's Huaron mine.

The first agreement grants Pan American the right to acquire a 60 percent
interest in the stockpiles by spending $2 million on the project over a
three-year period. In the twelve months following this period, Pan American can
increase its interest to 100 percent by paying Volcan $3 million and granting
Volcan a seven percent royalty on commercial production from the stockpiles. The
first phase of Pan American's work will be a detailed definition drilling
program to confirm historic resources estimated by Volcan to be 26 million
tonnes of stockpiles grading 227 g/t silver (a contained silver resource of more
than 180 million ounces). The second phase will comprise detailed metallurgical
studies and economic evaluation designed to determine the economics of
commercial extraction. Historic studies indicate that a silver price in excess
of $6.50 would be required to profitably recover the contained silver. Pan
American's work will investigate this in detail and seek to improve project
economics.

The second agreement grants Pan American the right to mine and sell 600,000
tonnes of the richest silver stockpiles to a nearby smelter, which will use them
as flux in its smelting operation. A ten-year contract has been negotiated with
the smelter and stockpile sales are expected to average approximately 46,000
tonnes per year resulting in annual silver production of approximately 500,000
ounces at an estimated total production cost of less than $2 per ounce. The
purchase price will be $4.0 million, payable in Pan American common shares
valued at current prices, plus a one-third production bonus to Volcan after Pan
American has recovered its acquisition costs, operating costs, deemed taxes and
interest on the acquisition cost.

Ross Beaty, Pan American's Chairman and CEO, said, "This set of agreements will
give Pan American an excellent return from increased very low cost silver
production over an estimated ten-year period. In addition, Pan American will
hold a low-cost right to acquire what is probably the largest aboveground
stockpile of silver-bearing mineralized material in the world, and time to
conduct a thorough evaluation of the potential for commercial production from
this material. These deals satisfy both of our corporate objectives: they will
increase our immediate low-cost silver production, and they will give our
shareholders great leverage to the silver price by materially increasing our
silver resource holdings that can be produced from if silver prices increase in
the future."

                                     - End -

Ross J. Beaty, Chairman and C.E.O. or Anthony Hawkshaw, C.F.O.

CAUTIONARY NOTE
Some of the statements in this news release are forward-looking statements, such
as estimates of future production levels, expectations regarding mine production
costs, expected trends in mineral prices and statements that describe Pan
American's future plans, objectives or goals. Actual results and developments
may differ materially from those contemplated by these statements depending on
such factors as changes in general economic conditions and financial markets,
changes in prices for silver and other metals, technological and operational
hazards in Pan American's mining and mine development activities, uncertainties
inherent in the calculation of mineral reserves, mineral resources and metal
recoveries, the timing and availability of financing, governmental and other
approvals, political unrest or instability in countries where Pan American is
active, labor relations and other risk factors listed from time to time in Pan
American's Form 40-F.

               1500-625 HOWE STREET, VANCOUVER, BC CANADA V6C 2T6.
                       TEL 604.684.1175 FAX 604.684.0147
                            www.panamericansilver.com







</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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