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Stock impact report

Pan American Silver Corp. (PAAS) Plans $1.9B Investment to Enable The Largest Silver Mine [Yahoo! Finance]

Pan American Silver Corp. (PAAS) 
Last pan american silver corp. earnings: 2/19 07:59 pm Check Earnings Report
US:NASDAQ Investor Relations: panamericansilver.com/investors
Company Research Source: Yahoo! Finance
Corp. (NYSE:PAAS) outlined plans to transform its La Colorada property in Zacatecas, Mexico, into the world's largest silver operation. Pan American Silver Corp. (PAAS) Plans $1.9B Investment to Enable The Largest Silver Mine Copyright: alexis84 / 123RF Stock Photo The company is planning a $1.9 billion expansion drive, having identified high-grade veins and portions of the skarn deposit at the La Colorada mine. The company expects the mine to evolve into one of the largest and lowest-cost silver mines, with silver production averaging 19.1 million ounces during the peak five years. Part of the expansion plan entails the construction of a new 15,000 tons per day processing plant while operating the existing vein mine. Pan American Silver Corp also targets a 37-year mine life following plant construction. The $1.9 billion in capital costs is to be spread over six years, from 2026 to 2031,with the company planning to fund the project from existing operations. Pan American Silv Show less Read more
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