While Pan American no longer owns the mine, it retains the right to receive 60% of the future copper concentrate produced from La Arena II under commercial terms. This arrangement aims to supply the North American markets when production gets underway.
The La Arena property, situated in Peru’s La Libertad province, includes the La Arena copper-gold mine and the La Arena II project, which is currently in advanced exploration. The open-pit mine has been operational since 2011. It currently processes 36,000 tonnes of ore per day and produces nearly three tonnes of gold annually, with a remaining life of three years.
Since acquiring the mine from Tahoe Resources in 2019, Pan American has added 535,521 ounces of gold through exploration and extended the mine life from 2021 to 2026, with further extension potential.
Pan American Silver has silver and gold mines across the Americas, with active operations in…
