Pan American owns 100% of the large polymetallic deposit discovered in 2018 through brownfield exploration near its La Colorada mine.

The deposit is estimated to contain 94.4 million ounces of silver based on the indicated mineral resource estimate of 95.9 million tonnes and 132.9 million ounces of silver based on the inferred mineral resource estimate of 147.8 million tonnes, plus a large volume of zinc and lead.* For further information, see our news release below dated September 14, 2022 for Pan American’s updated its mineral resource estimate for its La Colorada Skarn deposit.

Advanced Exploration Project


95.9
MT
Indicated mineral resource estimate*

147.8
Moz
Inferred mineral resource estimate*


News Releases

Pan American provided drill results for the La Colorada discovery in the following news releases:

September 14, 2022

Pan American Silver Reports Large Increase to the Mineral Resource Estimate for its La Colorada Skarn Deposit

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”, or the “Company”) today announced an updated mineral resource estimate for its 100% owned La Colorada Skarn deposit in…

Read More about Pan American Silver Reports Large Increase to the Mineral Resource Estimate for its La Colorada Skarn Deposit


July 21, 2022

Pan American Silver drills highest grade intercept to date on the La Colorada Skarn project

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) today released results for 22 new infill and exploration drill holes totaling 18,071 metres that further…

Read More about Pan American Silver drills highest grade intercept to date on the La Colorada Skarn project


May 9, 2022

Pan American Silver extends mineralization at the La Colorada Skarn project

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) today provides results for 43 new infill and exploration drill holes totaling 38,460 metres, all of which…

Read More about Pan American Silver extends mineralization at the La Colorada Skarn project


February 24, 2022

Pan American Silver provides update on exploration drilling of the La Colorada Skarn

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) today provides results for 20 new infill and exploration holes, all of which contain multiple skarn and…

Read More about Pan American Silver provides update on exploration drilling of the La Colorada Skarn


May 12, 2021

Pan American Silver provides drill results and a project update for the La Colorada Skarn deposit

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”, or the “Company”) today provided results for 28 additional holes drilled at the La Colorada skarn deposit and an update of the…

Read More about Pan American Silver provides drill results and a project update for the La Colorada Skarn deposit


August 4, 2020

Pan American Silver increases La Colorada skarn deposit mineral resource estimate to 100.4 million tonnes and provides drilling update

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”, or the “Company”) today announces an updated inferred mineral resource estimate for its La Colorada skarn deposit in…

Read More about Pan American Silver increases La Colorada skarn deposit mineral resource estimate to 100.4 million tonnes and provides drilling update


February 13, 2020

Pan American Silver Reports Recent Drill Results for the La Colorada Skarn Discovery

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”, or the “Company”) today announced results for 14 holes drilled on the La Colorada polymetallic skarn discovery in Mexico…

Read More about Pan American Silver Reports Recent Drill Results for the La Colorada Skarn Discovery


October 30, 2019

Pan American Silver Reports Drill Results from the La Colorada Skarn Discovery with Intercepts up to 379 Metres

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) today announced results from 14,300 metres of drilling completed during the third quarter of 2019 on the La Colorada skarn discovery in Mexico….

Read More about Pan American Silver Reports Drill Results from the La Colorada Skarn Discovery with Intercepts up to 379 Metres


August 1, 2019

Pan American Silver Reports Continued Exploration Success at La Colorada

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) today announced results from the exploration drilling completed over the past three months at its 100% owned La Colorada skarn discovery in Mexico.

Read More about Pan American Silver Reports Continued Exploration Success at La Colorada


May 8, 2019

Pan American Silver Reports First Quarter 2019 Results

Guidance Updated to Include Mines Acquired Through Tahoe Transaction All amounts expressed in U.S. dollars unless otherwise indicated. Unaudited tabular amounts are in thousands of U.S. dollars…

Read More about Pan American Silver Reports First Quarter 2019 Results


February 21, 2019

Pan American Silver Reports Mineral Reserves of 280 Million Ounces and Continued Success at the La Colorada Skarn Discovery

All financial figures are expressed in US$ unless otherwise indicated. The reserve and resource information provided in this news release is only for Pan American’s operations and do not reflect…

Read More about Pan American Silver Reports Mineral Reserves of 280 Million Ounces and Continued Success at the La Colorada Skarn Discovery


Estimated Mineral Resource*

Classificationcut-off value (US$/tonne)Tonnes (millions)ZN %PB %Ag G/T
Indicated4595.92.771.2831
Inferred45147.82.291.0428

Skarn Discovery Video

* Notes:

  1. Estimation and reporting of mineral resources were carried out in accordance with CIM guidelines.
  2. Mineral resources have reasonable prospects for eventual economic extraction demonstrating sufficient spatial continuity of mineralisation constrained within a potentially mineable shape. No mineral reserves are reported at this time.
  3. Prices used to report mineral resources were: US$22 per ounce of silver, US$2,800 per tonne of zinc and US$2,200 per tonne of lead.
  4. An estimate of mineral value per tonne was calculated using metallurgical recoveries of 87.4% Ag, 88% Pb and 93% Zn with mineral concentrate qualities of 67% Pb in lead concentrate and 60% Zn in zinc concentrate, obtained from metallurgical testing. Estimates for transport, payability and refining/selling costs, based on experience and long-term views of the marketing, treatment and refining of these types of mineral concentrates, were included.
  5. Reasonable prospects for eventual economic extraction were assessed by determining the total in-situ tonnes and grade constrained inside volumes that are based on a bulk style sub-level caving underground mining method. The tonnes and grades are inclusive of the must-take low grade material within the volume, as per CIM best practice guidelines. No other mining dilution or mineral losses have been accounted for. A US$45 per tonne operating cost has been assumed, which includes estimates of mining, processing and G&A operating costs.
  6. This mineral resource estimate was prepared under the supervision of, or was reviewed by, Christopher Emerson, FAusIMM, Vice President Business Development and Geology, and Martin G. Wafforn, P.Eng., Senior Vice President Technical Services and Process Optimization, each of whom is a Qualified Person as that term is defined in National Instrument 43-101 (“NI 43-101″).
  7. The effective date of the mineral resources estimate is September 13, 2022.