Cerro Moro

For 2025, Pan American Silver projects production of 2.8-2.9 Moz of silver and 93,000-115,000 oz of gold. Investments of the order of US$14-US$15.5 million are also forecast. Projected Capital Expenditure: US$14-US$15.5 million (2024)

The mineral is highly amenable to conventional cyanide leaching, with high gold and silver recoveries ; two stages crushing, using SAG mill, added to Flash flotation and gravity concentrator mill circuit. Subsequently, the ore is subjected to a three stage of flotation, plus extra-fine grinding of the concentrate, cyanide leaching, Merrill Crowe circuit, smelting in order to produce and export doré.

During 2024, Cerro Moro produced 2.969 Moz of silver.

• At 30 June 2024: 0.246 Moz of gold and 7.5 Moz of silver.
• (Proven and Probable Reserves), 0.092 Moz of gold and 6.3 Moz of silver)
• (Measured and Indicated Resources), and 0.15 Moz of gold and 3.6 Moz of silver (Inferred Resources)