“The expected annual production, Cash Costs and all-in sustaining costs per ounce sold (“AISC”) in 2020 for the Huaron and Morococha operations are in line with the revised guidance provided on August 5, 2020.” said Pan American.
The Huaron mine in Pasco produced 3.8 million ounces of silver in 2019, while the Morococha mine produced 2.5 million ounces.
The world’s second largest primary silver producer had suspended normal operations at its mines in Mexico, Peru, Argentina and Bolivia in March to comply with mandatory national quarantines imposed in response to the pandemic.
Pan American withdrew its 2020 operating guidance in March, given the uncertainties related to covid-19.
Midday Wednesday, Pan American’s stock was down 1% on the TSX. The company has a C$9 billion market capitalization.
