Resource News

Pan American Silver (TSX:PAA) has announced that it has achieved commissioning of the new sulphide ore processing plant at its La Colorada mine in Mexico. As quoted in the press release: 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 …

Pan American Silver (TSX:PAA) has announced that it has achieved commissioning of the new sulphide ore processing plant at its La Colorada mine in Mexico.
As quoted in the press release:

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,” saidMichael Steinmann, President and CEO of Pan American. “The expansion at La Colorada together 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.”
In addition to the new sulphide ore processing plant, the expansion at La Colorada includes construction of a new 618-metre-deep mine shaft, additional underground development to sustain production at 1,800 tpd, and the installation of a new 115 kV power line.

Click here to read the full press release.

MARKETS

Markets
TSX19057.76-164.98
TSXV628.61-16.30
DOW30960.07+13.08
S&P 5003808.57-12.98
NASD11134.52-47.02
ASX6763.60+57.60

COMMODITIES

Commodities
Gold1818.95+0.38
Silver20.77-0.04
Copper3.780.00
Palladium1973.50+104.50
Platinum914.50+4.50
Oil111.71-0.05
Heating Oil4.02-0.09
Natural Gas6.51-0.06

DOWNLOAD FREE REPORTS

×