Pan American mulls mine plan for La Preciosa, still confident on Navidad

Feb. 16, 2011 01:56PM PST

Mining Weekly reports that Vancouver-based Pan American Silver (TSE:PAA) considers a range of mine plan approaches at its La Preciosa joint-venture, in Mexico. The market news is quoted as saying: The company expects to have the results of a preliminary economic assessment on the project by mid-year, COO Steven Busby said on Wednesday. One of […]

Mining Weekly reports that Vancouver-based Pan American Silver (TSX:PAA) considers a range of mine plan approaches at its La Preciosa joint-venture, in Mexico.

The market news is quoted as saying:

The company expects to have the results of a preliminary economic assessment on the project by mid-year, COO Steven Busby said on Wednesday. One of the scenarios being considered is “a significantly expanded openpit alternative,” he said.
Pan American has a joint venture at La Preciosa with junior Orko Silver, in which the larger company agreed to fund the construction of the mine and contribute its expertise, in exchange for a 55% interest in the project.