| Announcement Date: | 2022-12-19 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Pan American Silver Corp. |
| Project name: | Shahuindo |
| Location: | Peru |
| Commodities: | Gold,Silver |
| Highlight: | Updated Resource and Reserve Estimates for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This Technical Report has been prepared by Pan American Silver Corp. (Pan American or PAS), in compliance with the disclosure requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), to disclose relevant information about the Shahuindo property (Property or Shahuindo). The report is an update to and replaces the “Technical Report on the Shahuindo Property, Cajabamba, Peru”, with an effective date of January 1, 2016 (the 2016 Technical Report), prepared by Tahoe Resources Inc. (Tahoe). On February 22, 2019, Pan American completed a transaction to acquire all the outstanding shares of Tahoe. The main purpose of this Technical Report is to give an update on the Property resulting from additional Mineral Resource and Mineral Reserve delineation drilling, disclose updated Mineral Resource and Mineral Reserve estimates, and to report operating results. The effective date of this Technical Report is November 30, 2022. The effective date of the Mineral Resource and Mineral Reserve estimates is June 30, 2022, which includes in situ Mineral Resources and Mineral Reserves which were depleted for mining at that time and the stockpiles which were also inventoried as at June 30, 2022. |
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