Pan American Silver Corp. Plans $1.9B Investment for Largest Silver Mine

AI Summary

Pan American Silver Corp. (NYSE: PAAS) announced plans on March 24, 2026, to invest $1.9 billion to expand its La Colorada property in Zacatecas, Mexico, into the world's largest silver operation. The company projects an average production of 19.1 million ounces of silver during the peak five years of production. The expansion includes the construction of a 15,000 tons per day processing plant and aims for a mine life of 37 years. The investment will be spread over six years, from 2026 to 2031, funded by existing operations.