Past year: ▲ 28%(49.40 – 93.58 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Jan 2010drilling result▲ GoodMajor
Pan American reported 2009 drilling at its La Colorada mine in Mexico found an extension of the NC2 vein at least 200 metres below current mining, averaging over 600 g/t silver over 4.5 m true width. The best hole gave more than 2,000 g/t over 6.65 m, and the NC3 vein and several high-grade mantos were also found. The company says this will substantially increase the mine's sulphide resources; the release gives no new reserve figure.
18 Feb 2009resource reserve update● NeutralMajor
Pan American reported year-end 2008 proven and probable silver reserves of 223.7 million ounces, down 1.8% from 227.8 million a year earlier. It added 26.9 million ounces from drilling against 22.2 million mined, but 8.8 million ounces were downgraded to resources due to lower base metal price assumptions and higher cut-off grades. In Q4 2008 it scaled back greenfield exploration as part of cost reduction initiatives, reversing the expanded greenfield plans from the prior year's update, and Quiruvilca reserves fell partly because the company intends to prepare that mine for care and maintenance.
15 Oct 2008drilling result▲ GoodMajor
Pan American announced high-grade drill results from a newly discovered Morro Solar vein at its Morococha mine in Peru, with intercepts such as 5.10 metres at 949 g/t silver. The company says the vein could be brought into Morococha's reserves and near-term mine plan via the new Sierra Nevada ramp, but says substantial further drilling is needed to define it. This continues the Morococha reserve growth noted in the earlier reserve update.
21 Feb 2008resource reserve update▲ GoodMajor
Pan American Silver reported that its proven and probable silver reserves rose to 227.8 million ounces at the start of 2008, from 213.3 million a year earlier. It mined 20.8 million ounces in 2007 and added 35.3 million through discovery or acquisition. It plans a 90,000+ metre drilling program in 2008, including newly acquired greenfield projects in Peru and Mexico.
