“We delivered steady financial and operating results for the second quarter of 2022, highlighted by solid revenues and mine operating income,” said David Wolfin, President and CEO.
Larry Radford, President & CEO stated: “We were slightly ahead of our operational budget in terms of GEO production during the second quarter, which yielded over 59,000 GEOs, albeit at a slightly higher cost than budgeted due to inflationary pressures on input costs.”
“We successfully replaced 11 million ounces of silver mineral reserves and 96.1 thousand ounces of gold mineral reserves at our producing mines over the past 12 months. Most of our exploration drilling was focused on near-mine exploration at La Colorada, Huaron and Timmins and produced positive results. Most notably, 7.3 million ounces of silver mineral reserves were added at La Colorada, more than replacing the 6.7 million ounces mined,” said Christopher Emerson, Pan American’s Vice President of Business Development and Geology.
“The CLG operation continued to deliver strong operational and financial results in the second quarter,” said Dale Andres, Chief Executive Officer. “Despite weaker silver and base metal prices and industry wide inflationary pressures, we remain on track to achieve the lower end of our 2022 cost guidance range helped by our business improvement projects and by-product credits.”
Prismo Metals Inc. today announced that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company.
“The Copala Vein, located just north of Tajitos, has now become our primary focus for near-term resource expansion at Panuco,” commented Michael Konnert, President and CEO. “Nowhere else in the district have we observed such high precious metals grades over such broad intervals, located just below surface.”
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