Pan American Announces Preliminary Economic Assessment OF The La Colorada Skarn Project
Author: Benzinga Newsdesk | December 19, 2023 02:19am
- Production averaging 17.2 million ounces of silver, 427 thousand tonnes of zinc and 218 thousand tonnes of lead annually during the first 10 years
- 50,000 tonnes per day sub-level cave mining method and conventional flotation plant
- 17-year mine life and continued exploration upside, with more than 40,000 metres of recent drilling not included in current mineral resource estimate
- After-tax NPV(8%) of $1,087 million, 14% IRR, and payback period of 4.3 years estimated using long-term prices of $22 per ounce of silver, $2,800 per tonne of zinc, and $2,200 per tonne of lead.
Given the volume of base metals in the deposit, Pan American is assessing interest from base metal producers and other capable parties to explore long-term partnerships to develop this polymetallic project, allowing Pan American to focus on the large amount of anticipated silver production," said Michael Steinmann, President and Chief Executive Officer of Pan American.
Posted In: PAAS
