Mining News
Pan American Silver plans to restart its La Colorada mine in the coming days
(Kitco News) - Pan American Silver (NYSE: PAAS) (TSX: PAAS) yesterday 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.
According to PAAS, there were no physical injuries to the company’s personnel in connection with that incident.
Pan American said it “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.
Importantly, the company noted it does not expect the temporary suspension of La Colorada to have a material impact to its annual consolidated production and cost guidance for 2023.
La Colorada is Pan American’s largest silver producing mine. La Colorada produces silver gold doré bars from a conventional cyanide leach plant for the oxide ore, and silver rich lead and zinc concentrates from a flotation plant treating sulphide ore.
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.
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