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Yauli, Peru

  • 32.1 Moz silver reserves, proven + probable*
  • 1.2 Moz silver produced*
  • $11.40 cash costs per ounce*
*See footnote

Polymetallic Silver Mine

Mechanization of the mining methods at the extensive Morococha deposit has resulted in improved efficiency and operating costs.




Silver-rich zinc, lead and copper concentrates

PAS Peru 300 of 590

Mining & Processing


Underground 2,000 TPD

Morococha operates an 803,000 tonne per year capacity mill using froth induced selective flotation technology to produce silver in zinc, lead, and copper concentrates. The mill flowsheet consists of two stage crushing, ball mill grinding, selective flotation of the ore to concentrates, followed by thickening and filtering of the concentrates.

Download Technical Report

PAS Peru 257 of 590

Geology & Mineralization

32.1 Moz Ag

Mineralization at Morococha includes epi-mesothermal silver zinc-lead copper veins, bedded silver base metal replacements or mantos, intrusive sediment contact skarns, and the quartz porphyry hosted Toromocho disseminated copper system. Shoots range up to 400 metres in length with some traced for over 800 metres down plunge. Economic vein widths range from 0.5 metres to more than 6.0 metres.

Reserves and Resources

Recent Operating Performance

To learn more about the performance of our Morococha mine, see the Individual Mine Performance section of Pan American Silver’s most recent Management’s Discussion and Analysis.

Quarterly Reports


Pan American Silver is determined to conduct its business in a responsible and sustainable manner. 

0 85%
significant environmental incidents occurred at our operations of the revenue generated by our mines remains in the countries where we operate

Corporate Team

People are Pan American Silver’s most important asset. Our people provide the intelligence, ideas and the energy that drive our industry-leading performance.

12,644 99%
total employees and contractors of senior management were local to the countries where the mine is located


Pan American Silver embraces the diversity of our workforce and the communities where we operate. Learn more about opportunities with our company.



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For the period ended December 31, 2020. Cash costs per ounce is a non-GAAP measure; please refer to the Non-GAAP Measures
Estimated mineral reserves as of June 30, 2021. For complete mineral reserve and resource information, refer to the Reserves and Resources page on this website.