Pan American Silver Provides an Update on the Restart of Operations at the La Colorada Mine
12 10월 2023 - 6:20AM
Business Wire
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan
American") today announced that it will commence restarting
operations at its La Colorada mine in Mexico on October 16, 2023,
following a shift change and the transition from care and
maintenance activities. On October 5, 2023, Pan American announced
the temporary suspension of operating activities due to security
concerns at the mine site and the surrounding area following an
armed robbery of two trailers of concentrate from the operation.
There were no physical injuries to our personnel in connection with
that incident.
Pan American acknowledges and appreciates the rapid response and
efforts of the Zacatecas state government and federal authorities
in Mexico to improve security in the vicinity of the La Colorada
mine and to provide an environment that allows for mine operations
to resume. The Mexican authorities have taken steps to facilitate
the safe transit to and from the mine site for all the employees,
contractors and people from the nearby communities. Pan American
and the Mexican authorities will maintain direct communications
during the period leading up to the resumption of operations.
Pan American does not expect the temporary suspension of La
Colorada to have a material impact to its annual consolidated
production and cost guidance for 2023, nor to the targeted timing
of late 2023 for the release of the La Colorada Skarn preliminary
economic assessment.
About Pan American Silver
Pan American Silver is a leading producer of precious metals in
the Americas, operating silver and gold mines in Canada, Mexico,
Peru, Bolivia, Argentina, Chile and Brazil. We also own the Escobal
mine in Guatemala that is currently not operating, and we hold
interests in exploration and development projects. We have been
operating in the Americas for nearly three decades, earning an
industry-leading reputation for sustainability performance,
operational excellence and prudent financial management. We are
headquartered in Vancouver, B.C. and our shares trade on the New
York Stock Exchange and the Toronto Stock Exchange under the symbol
"PAAS".
Learn more at panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and
Information
Certain of the statements and information in this news release
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian provincial securities laws. All statements, other than
statements of historical fact, are forward-looking statements or
information. Forward-looking statements or information in this news
release relate to, among other things: the ongoing safety and
security of the La Colorada mine site and surrounding area,
including transit to and from the mine site, and whether such
safety and/or security will improve; the estimated date for restart
of operations at the La Colorada mine site; the impact of the theft
and the resulting suspension on the business of Pan American, both
operationally and financially, including the expectations with
respect to any impact on consolidated production and costs; the
estimated timing for the release of the La Colorada Skarn
preliminary economic assessment and the ability of Pan American to
maintain the safety and security of the La Colorada mine site and
whether any other such incidents may occur in the future.
These forward-looking statements and information reflect Pan
American’s current views with respect to future events and are
necessarily based upon a number of assumptions that, while
considered reasonable by Pan American, are inherently subject to
significant operational, business, economic and regulatory
uncertainties and contingencies. These assumptions include: the
ability of Pan American to continue to work with state and federal
authorities in Mexico in connection with the incident; tonnage of
ore to be mined and processed; future anticipated prices for gold,
silver and other metals and assumed foreign exchange rates; the
timing and impact of planned capital expenditure projects,
including anticipated sustaining, project, and exploration
expenditures; ore grades and recoveries; capital, decommissioning
and reclamation estimates; our mineral reserve and mineral resource
estimates and the assumptions upon which they are based; prices for
energy inputs, labour, materials, supplies and services (including
transportation); and whether Pan American is able to maintain a
strong financial condition and have sufficient capital, or have
access to capital through our corporate sustainability-linked
credit facility or otherwise, to sustain our business and
operations; and our ability to comply with environmental, health
and safety laws. The foregoing list of assumptions is not
exhaustive.
Pan American cautions the reader that forward-looking statements
and information involve known and unknown risks, uncertainties and
other factors that may cause actual results and developments to
differ materially from those expressed or implied by such
forward-looking statements or information contained in this news
release and Pan American has made assumptions and estimates based
on or related to many of these factors. Such factors include,
without limitation: those factors identified under the caption
"Risks Related to Pan American's Business" in Pan American's most
recent form 40-F and Annual Information Form filed with the United
States Securities and Exchange Commission and Canadian provincial
securities regulatory authorities, respectively; and those factors
identified under the caption "Risks of the Business" in Yamana's
most recent form 40-F and Annual Information Form filed with the
United States Securities and Exchange Commission and Canadian
provincial securities regulatory authorities, respectively.
Although Pan American has attempted to identify important factors
that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated,
estimated, described or intended. Investors are cautioned against
undue reliance on forward-looking statements or information.
Forward-looking statements and information are designed to help
readers understand management's current views of our near- and
longer term prospects and may not be appropriate for other
purposes. Pan American does not intend, nor does it assume any
obligation to update or revise forward-looking statements or
information, whether as a result of new information, changes in
assumptions, future events or otherwise, except to the extent
required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231011839510/en/
For more information: Siren Fisekci VP, Investor Relations &
Corporate Communications Ph: 604-806-3191 Email:
ir@panamericansilver.com
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