VANCOUVER, July 13, 2016 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAA) (the “Company”, or “Pan American”) today announced that it has achieved a significant milestone in the expansion of its La Colorada mine in Mexico, with the successful commissioning of the new sulphide ore processing plant. The new plant began processing sulphide ore on July 1, 2016, achieving production throughput rates of over 1,400 tonnes per day (“tpd”) and over 14,000 tonnes treated by July 10. Throughput rates will be slightly reduced until the mine shaft and additional underground development have been completed to provide higher ore supply.
As well, in July 2016, Cámara Minera de México (“Camimex”) awarded Pan American’s La Colorada mine with the prestigious “Casco de Plata” award for the safest underground mine in Mexico in 2015 with more than 500 employees.
“I am proud of our team’s ability to safely and successfully complete the new sulphide plant ahead of schedule and on budget without incurring a single lost-time accident,” said Michael Steinmann, President and CEO of Pan American. “The expansion at La Coloradatogether with the expansion of our Dolores mine form our core areas of growth in Mexico, and should lead to lower-cost, higher-margin silver production for Pan American.”