La Colorada property consists of three underground silver-lead-zinc mines named Candelaria, Estrella, and Recompensa (collectively, the La Colorada Vein Mine). Underground mining at the La Colorada Vein Mine is conducted at the Candelaria and Estrella mines, whereas no mining is currently taking place at the Recompensa mine. The La Colorada process plant contains two separate circuits: one for the treatment of sulphide ore and another for oxide ore.
Pan American Silver completed the new concrete-lined ventilation shaft for the La Colorada mine on schedule in December 2023. The installation of two exhaust fans on the surface of the shaft is on schedule to be completed by mid-2024.
The La Colorada Property also hosts the large polymetallic skarn exploration project discovered in 2018. During 2023, the Company invested in project capital to advance the La Colorada Skarn project, largely for exploration preliminary economic assessment ("PEA") which was announced on December 18, 2023. |