La Colorada is Pan American’s largest silver producing mine. An expansion of the mine was completed in 2017, encompassing a new 618-metre deep mine shaft, a new sulphide processing plant, further development of the underground mine, and a new 115 kilovolt power line.

This mine produces silver gold doré bars from a conventional cyanide leach plant for the oxide ore, and silver rich lead and zinc concentrates from a flotation plant treating sulphide ore.

Pan American Silver made a major exploration discovery at its La Colorada mine in 2018. For further details, see La Colorada Skarn.

  • Ownership
    100%
  • Products
    Silver, Lead, Zinc
  • Type of Mine
    Underground

Producing Mine

86.3
Moz
Silver Reserves, Proven + Probable*
5.9
Moz
Silver Produced*
$
11.57
Cash Costs Per Ounce
1800
TPD
Average Plant Throughput

Technical & Reserve Information

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Name and quantity Grade Contained Metal
Name Tonnes
(Mt) 		Ag
(g/t)		 Au
(g/t)		 Pb
(%)		 Zn
(%)		 Ag
(Moz)		 Au
(Koz)		 Pb
(kt)		 Zn
(kt)
P&P Reserves 9.2 294 0.20 1.25 2.18 86.3 59 114 199
M&I Resources 3.2 176 0.18 0.82 1.35 18.2 18 26 44
Inferred Resources 14.7 174 0.20 0.94 1.67 82.2 93 138 245

As of June 30, 2023. Please see the Company’s reserves and resources page for more detailed information.

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2022 Sustainability Report

Reserves and Resources Report Cover

Resources and Reserves June 2023

Q2 Report Cover

2023 Q2 Financial Report

* Data is on a consolidated basis for the period ended December 31, 2022. All financial data is stated in U.S. dollars unless otherwise noted. Estimated mineral reserves as of June 30, 2022. For complete mineral reserve and resource information, refer to Mineral Reserves and Resources. Cash Costs and AISC per ounce are a non-GAAP measures; please refer to the Non-GAAP Measures notice.