Shahuindo is an open-pit, heap leach gold mine, producing silver by products from doré. Commercial production began in 2016 and significant exploration potential exists to extend mine life.

  • Ownership
    100%
  • Products
    Gold
  • Type of Mine
    Open-pit

Producing Mine

1575
Koz
Gold Reserves, Proven + Probable*
151.4
Koz
Gold Produced*
$
964
Cash Costs Per Ounce*
36000
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)		 Ag
(Moz)		 Au
(Koz)
P&P Reserves 104.2 7.2 0.47 24.2 1,575
M&I Resources 21.6 4.4 0.25 3.1 175
Inferred Resources 14.6 7.9 0.41 3.7 195

As of November 30, 2022. Please see the Company’s reserves and resources page for more detailed information.

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Strengthening the Avocado Production Chain

Aligned with our objective of co-creating economic opportunities with our host communities, Pan American developed a project to increase Avocado production in the Condebamba Valley of the Cajamarca province.

150
producers trained in organizational and commercial skills for the avocado market
90
HA
planted with Hass avocado trees
40
HA
of modern irrigation systems installed
Learn more about Strengthening the Avocado Production Chain
Female Avocado Farmer Smiling in Field
The main objective is to encourage a sustainable source of income for 500 local producers.

Guinea Pig Breeding Program

Pan American co-developed a guinea pig breeding project in the Condebamba Valley of the Cajabamba province, where our Shahuindo operation is located.

40
%
of financing for this project is provided by Pan American
200
producers is the goal by 2023
100
sheds is the goal by 2023
Learn more about Guinea Pig Breeding Program
Guinea Pig Breeding Program
We are collaborating with local producers, providing 40% of the financing for the project.

Public Works for Taxes

In Peru, Pan American is working with the government under a program aimed at encouraging private investment in public infrastructure projects.

Learn more about Public Works for Taxes
Students Learning in School
Partnering with governments can be a powerful way of advancing projects to benefit local communities.
Pan American Silver 2021 Sustainability Report Cover

2021 Sustainability Report

Reserves and Resources Report Cover

Pan American Silver Resources and Reserves

Q1 Report Cover

2023 Q1 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.