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Pan American Silver Corp.
Summary
| Project: | Joaquin | |
|---|---|---|
| Deposit: | La Morocha | |
| Location: | Argentina | |
| Commodities: | Silver-Gold | |
| Date: | 12/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 21-12-2017: Pan American Silver Corp. announces a Pre-Feasibility Study report for its La Morocha deposit at the Joaquin project. PFS results incl. post-tax NPV (5%) of $9.1M, IRR of 18%. Vancouver, B.C. - Dec. 21, 2017 - Pan American Silver Corp. (NASDAQ | |
| Resources: | (Reserve, Prob.): 0.474Mt @ 721g/t Ag, 0.4g/t Au at La Morocha | |
| CP/QP: | [Resources]: Christopher Emerson (Internal) | |
| ABSTRACT: | Vancouver, B.C. - Dec. 21, 2017 - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American”, or the “Company”) has finalized a preliminary feasibility study on the La Morocha deposit, which is part of the Joaquin project (“Joaquin”), located in Santa Cruz, Argentina. The study recommends the development of the La Morocha deposit as an underground mine, with processing to occur at Pan American's Manantial Espejo mill. Based on the results of the preliminary feasibility study, Pan American's Board of Directors has approved a capital investment of approximately $37.8 million to construct the La Morocha underground mine and fund activities up to the point of commercial production (excluding $3.6 million of reimbursable value-added tax ("VAT")). The Company intends to prepare a technical report (the "Technical Report") pursuant to National Instrument 43-101 - Standards of Disclosure for Mining Projects ("NI 43-101") and file on SEDAR (www.sedar.com). The Technical Report will also be available on the Company's website (www.panamericansilver.com). | |
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