El Peñon is an underground gold and silver mine, producing doré through a leaching and Merrill-Crowe process. The mine has been in operation since 1999 and has consistently replaced ounces mined. Average throughput is approximately 3,600 tonnes per day.

  • Ownership
    100%
  • Products
    Gold, Silver
  • Type of Mine
    Underground

Producing Mine

653
koz
Gold Reserves, Proven + Probable*

95.7
Koz
Gold Produced*

2.9
Moz
Silver Produced*

$
1,000
Gold Cash Costs Per Ounce*

Technical & Reserve Information

Name and quantity Grade Contained Metal
Name Tonnes
(Mt)
Ag
(g/t)
Au
(g/t)
Ag
(Moz)
Au
(Koz)
P&P Reserves4.81454.2522.2653
M&I Resources5.41283.9622.1685
Inferred Resources18.4481.3828.6816

As of June 30, 2024. Please see the Company’s reserves and resources page for more detailed information.

Exploration Results

Pan American’s exploration strategy is primarily focused on targeted near-mine exploration to replace and grow our mineral reserves and mineral resources.

* Data is on a consolidated basis for the period ended December 31, 2023. Reflects ownership for the nine-month period from March 31 to December 31, 2023. All financial data is stated in U.S. dollars unless otherwise noted. Estimated mineral reserves as of June 30, 2024. 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.