Production averaging 17.2 million ounces of silver, 427 thousand tonnes of zinc and 218 thousand tonnes of lead annually during the first 10 years
50,000 tonnes per day sub-level cave mining method and conventional flotation plant
17-year mine life and continued exploration upside, with more than 40,000 metres of recent drilling not included in current mineral resource estimate
After-tax NPV(8%) of $1,087 million, 14% IRR, and payback period of 4.3 years estimated using long-term prices of $22 per ounce of silver, $2,800 per tonne of zinc, and $2,200 per tonne of lead.
(All amounts are in United States Dollars unless otherwise indicated)

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") announces the results of a preliminary economic assessment ("PEA") of its 100% owned, long-life La Colorada Skarn project in Zacatecas, Mexico.

"Our objective is to provide investors with exposure to silver, and the La Colorada Skarn provides that exposure in scale, with annual silver production estimated to average 17.2 million ounces during the first 10 years. It is also expected to produce 427 thousand tonnes of zinc annually during that period, which we anticipate would coincide with decreasing zinc supply in the market. Given the volume of base metals in the deposit, Pan American is assessing interest from base metal producers and other capable parties to explore long-term partnerships to develop this polymetallic project, allowing Pan American to focus on the large amount of anticipated silver production," said Michael Steinmann, President and Chief Executive Officer of Pan American.

"Discovering a deposit of this magnitude beneath our currently producing La Colorada mine is an exceptional opportunity to create long-term value for our shareholders. The mineral resource update released today does not include any drill results from 2023, which will continue to expand the resource envelope and provide opportunities to enhance the life-of-mine economics," added Mr. Steinmann. see & read more
https://panamerican2023tf.q4web.com/news/news-details/2023/Pan-American-Announces-Preliminary-Economic-Assessment-of-the-La-Colorada-Skarn-Project/default.aspx