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Pan American Silver Announces Revised PEA for the La Colorada Skarn Project, Positions La Colorada as a Future Top-tier Silver Mine
(All amounts are in United States Dollars unless otherwise indicated) VANCOUVER, British Columbia / Mar 24, 2026 / Business Wire / Pan American Silver Corp.
About this update from Pan American Silver Corp.
[{"type":"text","content":"(All amounts are in United States Dollars unless otherwise indicated) VANCOUVER, British Columbia / Mar 24, 2026 / Business Wire / Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (\"Pan American\" or the \"Company\") is pleased to announce the results of a revised Preliminary Economic Assessment (\"Revised PEA\") for the proposed future development of the 100% owned La Colorada property located in Zacatecas, Mexico. The Revised PEA includes a portion of the mineral resources from the La Colorada vein mine, mainly comprised of inferred mineral resources, as well as high-grade portions of the skarn deposit mineral resources. The Revised PEA envisions combined development to access the newly identified silver mineral resource in the eastern Candelaria area of the existing La Colorada mine concurrently with the higher grade portions of the skarn deposit using conventional long-hole open stoping, and the construction of a new, 15,000 tonnes per day (\"tpd\") plant (the \"La Colorada Skarn Project\"). Production from the existing La Colorada vein mineral reserves will continue throughout construction, commissioning and well into the operation of the La Colorada Skarn Project, resulting in an overall expansion of La Colorada (collectively, the \"Expanded La Colorada Mine\"). The Expanded La Colorada Mine is anticipated to significantly increase silver production and extend mine life, becoming a top-tier silver mine and reaffirming Pan American as the premier company to provide investors with exposure to the long-term demand for this critical metal. \"The simultaneous development of newly identified high-grade veins at La Colorada along with high-grade portions of the skarn deposit is expected to make La Colorada one of the largest and lowest cost silver mines globally, with silver production averaging 19.1 million ounces annually during the peak five years following construction and ramp-up,\" said Michael Steinmann, President and Chief Executive Officer of Pan American. \"Further upside potential exists from newly identified high-grade silver veins not yet in the mineral resource and continued skarn exploration that could lead to even higher production rates over a longer period into the future, demonstrating that La Colorada is a rare, world-class asset of exceptional scale and quality.\" Added Mr. Steinmann: \"The plan to expand ...