Business
Work stoppage at Pan American Silver's San Vicente mine
VANCOUVER , July 16, 2014 /CNW/ - Pan American Silver Corp. ("Pan American" or the "Co...
About this update from Pan American Silver Corp.
[{"type":"text","content":"\n\n\nVANCOUVER, July 16, 2014 /CNW/ - Pan American Silver Corp. (\"Pan American\" or the \"Company\"), (NASDAQ: PAAS; TSX: PAA) today\n announced that its union  at the Company's San Vicente mine in Bolivia\n has gone on strike effectively shutting down the entire operation.\n Personnel access has been restricted to only those needed to ensure\n maintenance of critical systems necessary to allow for a smooth\n restart. The work stoppage started on the evening of Monday, July 7,\n 2014 and all production activities at the mine have ceased since that\n date.\n\n\nThe union representatives are disputing recent senior management changes\n at the Company's wholly owned subsidiary, Pan American Silver Bolivia.\n The Company is continuing efforts to communicate with the union\n representatives and all interested parties in order to reach an\n amicable solution.\n\n\nAt this time the strike has had no material impact on Pan American,\n however depending on the duration, the work stoppage could negatively\n impact the annual production forecast for the San Vicente mine and\n ultimately Pan American.\n\n\nAbout Pan American Silver\nPan American's mission is to be the world's pre-eminent silver producer,\n with a reputation for excellence in discovery, engineering, innovation,\n and sustainable development. The Company has seven operating mines in\n Mexico, Peru, Argentina, and Bolivia, and several development projects\n in the USA, Mexico, Peru, and Argentina.\n\n\nTHIS NEWS RELEASE CONTAINS \"FORWARD-LOOKING STATEMENTS\" WITHIN THE\n MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT\n OF 1995 AND \"FORWARD-LOOKING INFORMATION\" WITHIN THE MEANING OF\n APPLICABLE CANADIAN SECURITIES LEGISLATION. STATEMENTS CONTAINING\n FORWARD-LOOKING INFORMATION EXPRESS, AS AT THE DATE OF THIS NEWS\n RELEASE, THE COMPANY'S PLANS, ESTIMATES, FORECASTS, PROJECTIONS,\n EXPECTATIONS, OR BELIEFS AS TO FUTURE EVENTS OR RESULTS. GENERALLY,\n FORWARD-LOOKING INFORMATION CAN BE IDENTIFIED BY THE USE OF\n FORWARD-LOOKING TERMINOLOGY SUCH AS \"PLANS\", \"PROJECTS\" OR \"PROJECTED\",\n \"EXPECTS\" OR \"DOES NOT EXPECT\", \"IS EXPECTED\", \"ESTIMATES\",\n \"FORECASTS\", \"SCHEDULED\", \"INTENDS\", \"ANTICIPATES\" OR \"DOES NOT\n ANTICIPATE\", OR \"BELIEVES\", OR VARIATIONS OF SUCH WORDS AND PHRASES, OR\n STATEMENTS THAT CERTAIN ACTIONS, EVEN...