VANCOUVER, March 21, 2017 /CNW/ - Pan American
Silver Corp. (NASDAQ: PAAS; TSX: PAAS) ("Pan American", or the
"Company") today filed on SEDAR an updated technical report with
respect to its Dolores property in Chihuahua State, Mexico (the "Dolores Report"). The
Dolores Report has been prepared to provide current information
about the Dolores property, which has resulted from: mineral
resource and reserve delineation drilling; updated mineral resource
and mineral reserve estimates; and an expansion of the Dolores mine
currently underway to include a pulp agglomeration treatment option
of the ore and an underground mine to extract ore from beneath the
planned pit limits.
The Dolores Report is available under the Company's profile at
www.sedar.com and on the Company's website at
www.panamericansilver.com.
Qualified Persons
This news release was prepared under the supervision and review
of Martin Wafforn, P. Eng., Senior Vice President, Technical
Services and Process Optimization, Christopher Emerson, FAusIMM, Vice President,
Business Development and Geology, and Americo Delgado, P. Eng., Director, Metallurgy,
who are qualified persons as that term is defined by National
Instrument 43-101 - Standards of Disclosure for Mineral
Projects.
About Pan American Silver
Pan American Silver Corp. is
one of the largest primary silver producers in the world. We own
and operate seven mines located across Mexico, Peru,
Argentina and Bolivia. Pan
American also owns several development projects in the USA, Mexico,
Peru and Argentina. Our vision is to be the world's
pre-eminent silver producer, with a reputation for excellence in
discovery, engineering, innovation and sustainable
development. The Company is headquartered in Vancouver, B.C. and our shares trade on NASDAQ
and the Toronto Stock Exchange under the ticker "PAAS".
For more information, visit: www.panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and
Information
Certain of the statements and information in this news release
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian provincial securities laws. All statements, other than
statements of historical fact, are forward-looking statements or
information. Forward-looking statements or information in this news
release relate to, among other things, the Company achieving any
expected results or operating in accordance with the currently
anticipated mining plans or other matters addressed in the Dolores
Report.
These forward-looking statements and information reflect the
Company's current views with respect to future events and are
necessarily based upon a number of assumptions that, while
considered reasonable by the Company, are inherently subject to
significant operational, business, economic and regulatory
uncertainties and contingencies. These assumptions include: tonnage
of ore to be mined and processed; ore grades and recoveries; prices
for silver and gold remaining as estimated; currency exchange rates
remaining as estimated; capital, decommissioning and reclamation
estimates; our mineral reserve and resource estimates and the
assumptions upon which they are based; prices for energy inputs,
labour, materials, supplies and services (including
transportation); no labour-related disruptions at our operations;
no unplanned delays or interruptions in scheduled production; all
necessary permits, licenses and regulatory approvals are received
in a timely manner; and our ability to comply with environmental,
health and safety laws. The foregoing list of assumptions is not
exhaustive.
The Company cautions the reader that forward-looking statements
and information involve known and unknown risks, uncertainties and
other factors that may cause actual results and developments to
differ materially from those expressed or implied by such
forward-looking statements or information contained in this news
release and the Company has made assumptions and estimates based on
or related to many of these factors. Such factors include, without
limitation: fluctuations in silver and gold metal prices;
fluctuations in prices for energy inputs, labour, materials,
supplies and services (including transportation); fluctuations in
currency markets (such as the Mexican Peso versus the U.S. Dollar);
operational risks and hazards inherent with the business of mining
(including environmental accidents and hazards, industrial
accidents, equipment breakdown, unusual or unexpected geological or
structural formations, cave-ins, flooding and severe weather);
difficulties in maintaining title to properties; inadequate
insurance, or inability to obtain insurance, to cover these risks
and hazards; employee relations; relationships with, and claims by,
local communities and indigenous populations; our ability to obtain
all necessary permits, licenses and regulatory approvals in a
timely manner; changes in laws, regulations and government
practices, including environmental laws and regulations, and any
legal restrictions relating to mining; diminishing quantities or
grades of mineral reserves as properties are mined; increased
competition in the mining industry for equipment and qualified
personnel; the conclusions of economic evaluations and changes in
project parameters to deal with unanticipated economic or other
factors; and those factors identified under the caption "Risks
Related to Pan American's Business" in the Company's most recent
form 40-F and Annual Information Form filed with the United States
Securities and Exchange Commission and Canadian provincial
securities regulatory authorities, respectively. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated,
described or intended. Investors are cautioned against undue
reliance on forward-looking statements or information.
Forward-looking statements and information are designed to help
readers understand management's current views of our near and
longer term prospects and may not be appropriate for other
purposes. The Company does not intend, nor does it assume any
obligation to update or revise forward-looking statements or
information, whether as a result of new information, changes in
assumptions, future events or otherwise, except to the extent
required by applicable law.
SOURCE Pan American Silver Corp.