Pan American Silver reports FY23 consolidated silver production 20.4M ounces

Pan American Silver announces its preliminary production results for 2023. The 2023 production results reflect the addition of four producing mines following Pan American’s acquisition of Yamana Gold; accordingly, annual consolidated production results and individual production results from Jacobina, El Penon, Minera Florida and Cerro Moro reflect production from the Acquired Operations during the nine-month period from March 31, 2023 to December 31, 2023. Consolidated silver production of 20.4M ounces in 2023 was slightly below the 2023 guidance range of 21.0M-23.0M ounces provided in Pan American’s news release dated April 27, 2023. Silver production increased by 11% compared with 2022. Consolidated gold production of 882.9 thousand ounces in 2023 was within the 2023 Guidance range of 870.0 to 970.0 thousand ounces. Gold production increased by 60% compared with 2022. Jacobina produced a record 196.1 thousand ounces of gold in 2023, including the first three months of 2023 prior to Pan American’s acquisition of the mine. Consolidated zinc production of approximately 38.8 thousand tonnes in 2023 was below the 2023 Guidance of 41.0 to 45.0 thousand tonnes, lead production of approximately 18.7 thousand tonnes was within the 2023 Guidance of 18.0 to 21.0 thousand tonnes, and copper production of approximately 5.0 thousand tonnes met the 2023 Guidance of 5.0 thousand tonnes.