Pan American Silver Corp. reports news on silver and gold mining operations, exploration and development across the Americas. Company updates commonly cover mine operating results, silver and gold production, costs, cash flow, and capital allocation through dividends and common share repurchases under its normal course issuer bid.
Recurring announcements also address the La Colorada mine in Zacatecas, Mexico, including skarn project studies, high-grade vein drilling, mineral resource work and technical reports. Governance news includes annual meeting materials, director elections, auditor appointments and say-on-pay results.
Pan American Silver Corp. (NASDAQ: PAAS) has announced the suspension of operations at its Huaron and Morococha mines in Peru due to COVID-19 concerns after several workers tested positive. The company will place these sites under care and maintenance with a reduced workforce, following comprehensive health protocols. Normal operations will resume only when it is deemed safe. Pan American, the second largest primary silver producer globally, maintains a strong presence in Latin America, with a diversified portfolio of assets.
Pan American Silver Corp. (NASDAQ: PAAS) has acquired an additional 450,000 shares of New Oroperu Resources Inc. (TSXV: ORO) by exercising warrants at CAD$0.20 each, yielding gross proceeds of CAD$90,000. Following this transaction, Pan American holds approximately 18.61% of New Oroperu's outstanding shares on a non-diluted basis. This investment is aimed at enhancing its portfolio, with the company retaining the option to buy additional shares or dispose of its holdings based on market conditions.