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Pan American Silver Announces Preliminary 2021 Production Results; Consolidated Silver Production of 19.2 Million Ounces
All amounts are expressed in US$ unless otherwise indicated. Results are preliminary and unaudited and could be adjusted based on final results. This news
About this update from Pan American Silver Corp.
[{"type":"text","content":" All amounts are expressed in US$ unless otherwise indicated. Results are preliminary and unaudited and could be adjusted based on final results. This news release contains forward-looking information about expected future events and operating performance of Pan American Silver. Readers should refer to the risks and assumptions set out in the \"Cautionary Note Regarding Forward-Looking Statements and Information\" at the end of this news release. VANCOUVER, BC, Jan. 19, 2022 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (\"Pan American Silver\") today announced its preliminary production results for the fourth quarter (\"Q4 2021\") and full year 2021 (\"FY 2021\"). Consolidated silver production in 2021 of 19.2 million ounces was within the revised guidance range of 19.0 to 20.0 million ounces provided on November 9, 2021. Consolidated gold production in 2021 of 579.3 thousand ounces was within the revised guidance range of 560.0 to 588.0 thousand ounces provided on November 9, 2021. Dolores achieved record gold production of 160.1 thousand ounces in 2021. \"Production improved in 2021 over 2020, although continued to be constrained by reduced workforce deployment levels due to the COVID-19 pandemic. We are pleased to see progressive production ramp up at La Colorada during the fourth quarter of 2021, following the advances on the upgrades to the ventilation circuit and ground support programs,\" said Michael Steinmann, President and Chief Executive Officer. Preliminary 2021 production results Figures are preliminary and subject to final adjustment. The final figures will be provided in Pan American Silver's financial results for Q4 and FY 2021. Silver Production (thousand ounces) Gold Production (thousand ounces) Q4 2021 FY 2021 Q4 2021 FY 2021 La Colorada 1,584 5,171 0.8 2.7 Huaron 838 3,513 0.3 1.1 Morococha(1) 540 2,175 0.4 1.1 San Vicente(2) 641 2,548 0.1 0.3 Manantial Espejo 1,090 3,236 11.3 33.8 Dolores 507 2,240 40.1 160.1 Shahuindo 61 235 37.0 134.0 La Arena 11 40 32.6 112.4 Timmins 4 16 34.2 133.8 Total(3) 5,276 19,174 156.7 579.3 (1) Morococha data represents Pan American Silver's 92.3% interest in the mine's production. (2) San Vicente data represents Pan American Silver's 95.0% interest in the mine's production. (3)&nb...