La Colorada is Pan American’s largest silver producing mine. An expansion of the mine was completed in 2017, encompassing a new 618-metre deep mine shaft, a new sulphide processing plant, further development of the underground mine, and a new 115 kilovolt power line.

This mine produces silver-rich lead and zinc concentrates from a flotation plant treating sulphide ore.

Pan American Silver made a major exploration discovery at its La Colorada mine in 2018. For further details, see La Colorada Skarn.

  • Ownership
    100%
  • Products
    Silver, Lead, Zinc
  • Type of Mine
    Underground

Producing Mine

86.6
Moz
Silver Reserves, Proven + Probable*
4.4
Moz
Silver Produced*
$
22.82
Cash Costs Per Ounce*
1,800
TPD
Average Plant Throughput
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Technical & Reserve Information

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Name and quantity Grade Contained Metal
Name Tonnes
(Mt)		Ag
(g/t)		Au
(g/t)		Pb
(%)		Zn
(%)		Ag
(Moz)		Au
(Koz)		Pb
(kt)		Zn
(kt)
P&P Reserves9.02990.191.172.0286.656106182
M&I Resources2.51880.250.641.0514.9201626
Inferred Resources12.42350.191.682.9593.874208365

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

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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.

Investor Day 2024 – La Colorada Vein Exploration Update

File Name Download
La Colorada Resultados de Perfuração – 17 de junho de 2024
Resultados de Perfuração e Imagens da La Colorada – 5 de dezembro de 2023

2023 Sustainability Report

Technical Report

Reserves and Resources

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2024 Q3 Financial Report

* Data is on a consolidated basis for the period ended 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.