Profile: Pan American Silver Corp (PAAS.O)
21 Oct 2016
Pan American Silver Corp. (Pan American), incorporated on March 7, 1979, is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company's primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. The Company has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America, Mexico, and the United States. The Company's properties consist of the Huaron and Morococha mines located in Peru, the Alamo Dorado, La Colorada and Dolores mines located in Mexico, the San Vicente mine located in Bolivia and the Manantial Espejo mine located in Argentina. The Company's subsidiaries include Pan American Silver Huaron S.A. (PAS Huaron), Compania Minera Argentum S.A., Minera Corner Bay S.A. de C.V., Plata Panamericana S.A. de C.V., Compania Minera Dolores S.A. de C.V., Minera Triton Argentina S.A. (MTA), Pan American Silver (Bolivia) S.A. (PASB) and Minera Argenta S.A.
The Company's La Colorada underground silver mine is located in the Chalchihuites district in Zacatecas State, Mexico, approximately 99 kilometers south of the city of Durango and approximately 156 kilometers northwest of the city of Zacatecas. The Company's subsidiary, Plata Panamericana, owns and operates the mine. The La Colorada property, including certain exploration concessions outside the mining area, consists of approximately 56 mining claims totaling approximately 8,395 hectares, and the Company also has control over approximately 1,119 hectares of surface rights covering the main workings. All of the La Colorada mineral reserves and resources and all of the known mineralized zones, mine workings, the processing plant, effluent management and treatment systems, and tailings disposal areas are located within the mining claims controlled by the Company. All drilling at La Colorada is diamond core drilling. La Colorada is an epithermal silver-gold deposit, with a transition in the lower reaches of the deposit to a more base metal predominant system. There are over three separate active mining areas on the property, including the Candelaria, Estrella, and Recompensa areas.
The Company's Alamo Dorado open pit silver mine is located approximately 45 kilometers south-southeast of the town of Alamos in the southeast corner of the state of Sonora, near the border with the state of Sinaloa in northwest Mexico. The mine consists of approximately two contiguous mining concessions, including the 509-hectare Alamo Ocho concession and the 4,865-hectare Alamo Dorado concession, and approximately five exploration concessions consisting of approximately 6,014 hectares, and surface rights covering approximately 763.64 hectares. The Company's The Dolores open pit silver-gold mine is located in the Sierra Madre Occidental mountain range in the state of Chihuahua, in the municipality of Madera, approximately 250 kilometers west of the city of Chihuahua. The area of the concessions is approximately 27,700 hectares.
The Company's Huaron is an underground silver mine located approximately 320 kilometers northeast of Lima in the province of Pasco in the Central Highlands of Peru. Huaron is owned and operated by PAS Huaron, a Peruvian entity, which is approximately 99.94% held, directly or indirectly, by Pan American. Huaron is a hydrothermal polymetallic deposit of silver, lead, zinc and copper mineralization. The Company's Morococha mine is an underground silver mine located approximately 137 kilometers east of Lima in the province of Yauli.
The Company's San Vicente underground silver-zinc mine is located in the south of Bolivia in the Province of Sud-Chichas, Department of Potosi, and covers an area of approximately 7,021 hectares and consists of over 11 concessions. San Vicente is located approximately 100 kilometers west of the town of Tupiza and approximately 120 kilometers south of the town of Uyuni. Pan American holds approximately 95% interest in PASB. The remaining approximately 5% of PASB is owned by Urion Holdings (Malta) Ltd. (Urion), an affiliate of Trafigura Baheer B.V. San Vicente is a polymetallic vein deposit formed by hydrothermal systems forming vein type and disseminated polymetallic deposits.
The Company's Manantial Espejo open pit and underground silver-gold mine is located in the Province of Santa Cruz, Argentina. The Manantial Espejo mine consists of approximately 17 mineral concessions covering a total of approximately 25,533 hectares and extending approximately 36 kilometers east-west and approximately 19 kilometers north-south. The property includes ownership of approximately three surface properties purchased by MTA to facilitate support and to improve the performance of its mining and exploration activities. These surface rights cover an area of approximately 43,207 hectares and all mining and processing related activities occur within these properties. The mineralized deposits at the Manantial Espejo mine are veins with short strike slip and larger down dip displacements. The styles of mineralization include quartz veins, vein breccias, sheeted and stockwork veining, and minor dissemination.
The Company's Navidad silver development property is located in Gastre Department in the Province of Chubut, southern Argentina. The project is approximately 1,580 kilometers southwest of Buenos Aires and over 360 kilometers west of Puerto Madryn.
Pan American Silver Corp
625 Howe St Suite 1440
VANCOUVER BC V6C 2T6
Company Web Links
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