Pan American Silver Provides Exploration Update for its Timmins Operations; Advances Plans for Potential Production Growth and Mine Life Extension
Pan American Silver is advancing the Timmins Camp Project, a phased development plan requiring approximately $146 million in investment to extend mine life and boost production at its Canadian operations. The first phase includes a 625m shaft extension at Bell Creek, an 814m drift to access the Vogel deposit, and a 1.3km drift to access the Samson deposit, with initial spending already included in 2026 guidance.
Key figures
- Vogel drift m
- 814
- Samson drift m
- 1300
- Vogel inferred oz
- 135000
- Samson inferred oz
- 118000
- Vogel indicated oz
- 61000
- Total investment usd
- 146000000
- Gold river inferred oz
- 1030000
- Gold river indicated oz
- 117000
- Planned drilling 2026 m
- 118000
- Project capex 2026 low usd
- 40000000
- Project capex 2026 high usd
- 43000000
- Bell creek shaft extension m
- 625
- Bell creek current throughput tpd
- 4400
- Bell creek processing capacity tpd
- 5600
AI analysis
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