eight operating mines - Peru, Mexico & Bolivia
Expertise in Mine Construction and Developmen
Pan American Silver Corp. Vancouver, British Columbia TSX : PAA; was founded in 1994 with the mission to be the world's largest and lowest cost primary silver mining company and to achieve this by increasing its low cost silver production and silver reserves. Pan American has eight operating mines in Mexico, Peru and Bolivia. Manantial Espejo, the Company's eighth mine commenced operations in the fourth quarter of 2008.
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Quality Assets – Diversification of Political & Operational Risk
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13 Consecutive Years of Production Growth
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Long Life & Growing Silver Reserves & Resources
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Superior Financial Performance
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Industry Leading Management Expertise
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Eight operating mines in Mexico, Peru, Bolivia and Argentina.
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Expertise in Mine Construction and Development
The Company’s growth strategy is based on the continued increase of low cost silver production through the efficient operation and expansion of its existing mines, an aggressive exploration program and the acquisition and development of new silver-rich deposits.
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2008 Production to Sep 30 2.95 million oz Ag
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Cash costs – $7.93/oz
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Processing increased 9% during Q3 to offset planned lower grade ore
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Active exploration program 3 diamond drill rigs in use at the property
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New Manto Yuri, high grade zone discovered
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112K tonnes at 559 g/t Ag
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Total estimate 2.02M oz Ag and 22.4K oz Au
The Company has an industry-leading team of professionals with a wealth of experience in operations, construction, exploration and finance