Pan American Announces Revised PEA for the La Colorada Skarn Project, Positions La Colorada as a Future Top-tier Silver Mine
Original announcement by tmx on
- Company
- Pan American Silver Corp.
- Ticker
- PAAS
- Exchange
- TSX
- Region
- Zacatecas, Mexico
- Primary commodity
- Silver
- Secondary commodities
- Zinc, Lead, Gold
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-08-26 02:46:16 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Pan American Silver announced a Revised Preliminary Economic Assessment (PEA) for its La Colorada Skarn Project in Mexico, projecting it as a future top-tier silver mine. The PEA outlines a 37-year mine life with average annual silver production of 15.8 Moz (initial 5 years) and an after-tax NPV (5%) of $2.6 billion. The plan incorporates a more selective mining method, leading to significantly improved grades and negative all-in sustaining costs for silver.
Reasoning: The revised PEA presents a substantially improved economic and operational outlook for the La Colorada Skarn Project, projecting it as a major, low-cost silver producer with significant upside potential, despite the preliminary study stage and substantial upfront capital.
Positive factors
- Significant increase in projected silver production and mine life, positioning La Colorada as a top-tier silver mine.
- Attractive project economics with a $2.6 billion after-tax NPV (5%) and 17% IRR at base case prices.
- Improved grades for silver, zinc, and lead compared to the previous PEA, driven by a more selective mining method.
- Low projected all-in sustaining costs (AISC) of negative $22.67/oz silver (initial 5-year average) due to strong byproduct credits.
- De-risked development plan utilizing conventional long-hole open stoping and no additional permitting required for initial access.
- Significant potential for mineral resource expansion with ongoing exploration drilling intersecting mineralization outside current models.
Negative factors
- The PEA is preliminary in nature and includes inferred mineral resources, which are considered too speculative for reserve classification.
- High initial capital expenditure of $1.9 billion, although expected to be funded through internal cash flow.
Facts used in scoring: 74
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Revised PEA for the La Colorada Skarn Project was prepared in accordance with NI 43-101 standards, and the mineral resource estimates are reported in accordance with these guidelines.
Evidence · text
“The Revised PEA for the La Colorada Skarn Project was prepared in accordance with NI 43-101 standards.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The mineral resource estimate was prepared under the supervision of, or was reviewed by Christopher Emerson, FAusIMM, Christopher Wright, P.Geo and Martin Wafforn P.Eng. who are qualified persons as defined in NI 43-101.
Evidence · text
“This mineral resource estimate was prepared under the supervision of, or was reviewed by Christopher Emerson, FAusIMM, Christopher Wright, P.Geo and Martin Wafforn P.Eng. who are qualified persons as defined in NI 43-101.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Revised PEA includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.
Evidence · text
“The Revised PEA for the La Colorada Skarn Project is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Revised PEA will be realized.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document refers to the 'newly identified silver mineral resource' and 'newly discovered high-grade silver veins and replacement mineralization', indicating new resource components.
Evidence · text
“newly identified silver mineral resource in the eastern Candelaria area of the existing La Colorada mine concurrently with the higher grade portions of the skarn deposit”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document is titled 'Pan American Announces Revised PEA for the La Colorada Skarn Project' and refers to the 'mineral resource update effective as at June 30, 2025'.
Evidence · text
“Pan American Announces Revised PEA for the La Colorada Skarn Project”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The document states that 'mine design and sequencing will continue to be refined during the pre-feasibility study stage of the La Colorada Skarn Project'.
Evidence · text
“mine design and sequencing will continue to be refined during the pre-feasibility study stage of the La Colorada Skarn Project”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The LOM average silver recovery for the Skarn Project is estimated at 89.7%, which is strong for a polymetallic deposit processed by flotation.
Evidence · text
“Overall silver recovery is estimated at approximately 89.7%”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The project includes building a new 15,000 tpd conventional selective flotation plant.
Evidence · text
“construction of a new 15,000 tpd conventional selective flotation plant”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: The metallurgical testing is described as demonstrating that 'the skarn mineralization responds well to conventional selective flotation', implying testing across the skarn domain.
Evidence · text
“Metallurgical testing completed for the La Colorada Skarn Project demonstrates that the skarn mineralization responds well to conventional selective flotation mineral processing methods”
Extracted facts
Stored fact records: 74. Some facts used in scoring do not have a stored record.
Resource Estimates (74)
indicatedLa Colorada Skarn Project · zincTonnes: 265400000Grade: 2.85Grade Unit: %Contained Metal: 7.6Contained Unit: million tonnesView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 265400000
- Grade
- 2.85
- Grade Unit
- %
- Contained Metal
- 7.6
- Contained Unit
- million tonnes
- Cutoff Grade
- 50
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence.
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“2.85”
Context: 265.4
indicatedLa Colorada Skarn Project · leadTonnes: 265400000Grade: 1.37Grade Unit: %Contained Metal: 3.6Contained Unit: million tonnesView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 265400000
- Grade
- 1.37
- Grade Unit
- %
- Contained Metal
- 3.6
- Contained Unit
- million tonnes
- Cutoff Grade
- 50
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated lead resource for the Skarn Project is substantial, providing significant byproduct value to the project.
Positive factors
- Large indicated resource tonnage for lead.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“1.37”
Context: 265.4
indicatedLa Colorada Skarn Project · silverTonnes: 265400000Grade: 36Grade Unit: g/tContained Metal: 309Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 265400000
- Grade
- 36
- Grade Unit
- g/t
- Contained Metal
- 309
- Contained Unit
- million ounces
- Cutoff Grade
- 50
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated silver resource for the Skarn Project is a very large, high-confidence base for the project's primary commodity, supporting its top-tier potential.
Positive factors
- Very large indicated resource for silver, contributing to the project's primary commodity focus.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“36”
Context: 265.4
inferredLa Colorada Skarn Project · zincTonnes: 61700000Grade: 2.55Grade Unit: %Contained Metal: 1.6Contained Unit: million tonnesView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 61700000
- Grade
- 2.55
- Grade Unit
- %
- Contained Metal
- 1.6
- Contained Unit
- million tonnes
- Cutoff Grade
- 50
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence.
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“2.55”
Context: 61.7
inferredLa Colorada Skarn Project · leadTonnes: 61700000Grade: 0.95Grade Unit: %Contained Metal: 0.6Contained Unit: million tonnesView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 61700000
- Grade
- 0.95
- Grade Unit
- %
- Contained Metal
- 0.6
- Contained Unit
- million tonnes
- Cutoff Grade
- 50
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred lead resource provides additional byproduct potential, but its lower confidence category requires further work.
Positive factors
- Significant inferred resource tonnage for lead, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“0.95”
Context: 61.7
inferredLa Colorada Skarn Project · silverTonnes: 61700000Grade: 30Grade Unit: g/tContained Metal: 59Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 61700000
- Grade
- 30
- Grade Unit
- g/t
- Contained Metal
- 59
- Contained Unit
- million ounces
- Cutoff Grade
- 50
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred silver resource contributes to the project's long-term potential, but its speculative nature means it cannot be converted to reserves without further work.
Positive factors
- Significant inferred resource for silver, adding to the project's overall scale.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“30”
Context: 61.7
provenLa Colorada Vein Mine · silverTonnes: 3400000Grade: 300Grade Unit: g/tContained Metal: 33.2Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 300
- Grade Unit
- g/t
- Contained Metal
- 33.2
- Contained Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base.
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“300”
Context: 3.4
provenLa Colorada Vein Mine · goldTonnes: 3400000Grade: 0.21Grade Unit: g/tContained Metal: 23Contained Unit: thousand ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven gold reserves provide minor byproduct credits, contributing to the overall economics of the vein mine.
Positive factors
- Gold as a byproduct in the proven reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Low gold grade, indicating it's a minor byproduct.
- This is a restatement of existing reserves, not new information.
Evidence · table
“0.21”
Context: 3.4
provenLa Colorada Vein Mine · leadTonnes: 3400000Grade: 1.24Grade Unit: %Contained Metal: 42Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 1.24
- Grade Unit
- %
- Contained Metal
- 42
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven lead reserves contribute to byproduct credits, enhancing the vein mine's economic profile.
Positive factors
- Lead as a byproduct in the proven reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“1.24”
Context: 3.4
provenLa Colorada Vein Mine · zincTonnes: 3400000Grade: 2.17Grade Unit: %Contained Metal: 75Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 2.17
- Grade Unit
- %
- Contained Metal
- 75
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven zinc reserves provide valuable byproduct credits, supporting the vein mine's economic viability.
Positive factors
- Zinc as a byproduct in the proven reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“2.17”
Context: 3.4
probableLa Colorada Vein Mine · silverTonnes: 6100000Grade: 295Grade Unit: g/tContained Metal: 57.5Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 295
- Grade Unit
- g/t
- Contained Metal
- 57.5
- Contained Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable silver reserves represent a significant, economically viable portion of the existing mine, contributing to its long-term production.
Positive factors
- High-grade silver in the probable reserve category, indicating good confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“295”
Context: 6.1
probableLa Colorada Vein Mine · goldTonnes: 6100000Grade: 0.21Grade Unit: g/tContained Metal: 40Contained Unit: thousand ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 40
- Contained Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable gold reserves provide minor byproduct credits, supporting the overall economics of the vein mine.
Positive factors
- Gold as a byproduct in the probable reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Low gold grade, indicating it's a minor byproduct.
- This is a restatement of existing reserves, not new information.
Evidence · table
“0.21”
Context: 6.1
probableLa Colorada Vein Mine · leadTonnes: 6100000Grade: 1.2Grade Unit: %Contained Metal: 73Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 73
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable lead reserves contribute to byproduct credits, enhancing the vein mine's economic profile.
Positive factors
- Lead as a byproduct in the probable reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“1.20”
Context: 6.1
probableLa Colorada Vein Mine · zincTonnes: 6100000Grade: 2.21Grade Unit: %Contained Metal: 134Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 2.21
- Grade Unit
- %
- Contained Metal
- 134
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable zinc reserves provide valuable byproduct credits, supporting the vein mine's economic viability.
Positive factors
- Zinc as a byproduct in the probable reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“2.21”
Context: 6.1
proven_probableLa Colorada Vein Mine · silverTonnes: 9500000Grade: 297Grade Unit: g/tContained Metal: 90.7Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- proven_probable
- Tonnes
- 9500000
- Grade
- 297
- Grade Unit
- g/t
- Contained Metal
- 90.7
- Contained Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined proven and probable silver reserves represent a robust and economically viable foundation for the existing vein mine.
Positive factors
- Large combined proven and probable silver reserves, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“297”
Context: 9.5
proven_probableLa Colorada Vein Mine · goldTonnes: 9500000Grade: 0.21Grade Unit: g/tContained Metal: 64Contained Unit: thousand ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- proven_probable
- Tonnes
- 9500000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 64
- Contained Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined proven and probable gold reserves provide minor byproduct credits, contributing to the overall economics of the vein mine.
Positive factors
- Gold as a byproduct in the combined proven and probable reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Low gold grade, indicating it's a minor byproduct.
- This is a restatement of existing reserves, not new information.
Evidence · table
“0.21”
Context: 9.5
proven_probableLa Colorada Vein Mine · leadTonnes: 9500000Grade: 1.21Grade Unit: %Contained Metal: 115Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- proven_probable
- Tonnes
- 9500000
- Grade
- 1.21
- Grade Unit
- %
- Contained Metal
- 115
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined proven and probable lead reserves contribute to byproduct credits, enhancing the vein mine's economic profile.
Positive factors
- Lead as a byproduct in the combined proven and probable reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“1.21”
Context: 9.5
proven_probableLa Colorada Vein Mine · zincTonnes: 9500000Grade: 2.19Grade Unit: %Contained Metal: 208Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- proven_probable
- Tonnes
- 9500000
- Grade
- 2.19
- Grade Unit
- %
- Contained Metal
- 208
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined proven and probable zinc reserves provide valuable byproduct credits, supporting the vein mine's economic viability.
Positive factors
- Zinc as a byproduct in the combined proven and probable reserve category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“2.19”
Context: 9.5
measuredLa Colorada Vein Mine · silverTonnes: 400000Grade: 229Grade Unit: g/tContained Metal: 3Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 229
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base.
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“229”
Context: 0.4
measuredLa Colorada Vein Mine · goldTonnes: 400000Grade: 0.12Grade Unit: g/tContained Metal: 2Contained Unit: thousand ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 0.12
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured gold resource provides minimal byproduct credits, but its high confidence is positive.
Positive factors
- Gold as a byproduct in the measured resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Very low gold grade, indicating it's a minor byproduct.
- This is a restatement of existing resources, not new information.
Evidence · table
“0.12”
Context: 0.4
measuredLa Colorada Vein Mine · leadTonnes: 400000Grade: 0.91Grade Unit: %Contained Metal: 4Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 0.91
- Grade Unit
- %
- Contained Metal
- 4
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured lead resource provides byproduct credits with high confidence, despite its small scale.
Positive factors
- Lead as a byproduct in the measured resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“0.91”
Context: 0.4
measuredLa Colorada Vein Mine · zincTonnes: 400000Grade: 1.55Grade Unit: %Contained Metal: 6Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 1.55
- Grade Unit
- %
- Contained Metal
- 6
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured zinc resource provides byproduct credits with high confidence, despite its small scale.
Positive factors
- Zinc as a byproduct in the measured resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“1.55”
Context: 0.4
indicatedLa Colorada Vein Mine · silverTonnes: 2600000Grade: 144Grade Unit: g/tContained Metal: 11.8Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 144
- Grade Unit
- g/t
- Contained Metal
- 11.8
- Contained Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated silver resource provides a good-confidence component to the vein mine's resource base, supporting future potential.
Positive factors
- Good grade silver in the indicated resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing resources, not new information.
Evidence · table
“144”
Context: 2.6
indicatedLa Colorada Vein Mine · goldTonnes: 2600000Grade: 0.35Grade Unit: g/tContained Metal: 29Contained Unit: thousand ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 0.35
- Grade Unit
- g/t
- Contained Metal
- 29
- Contained Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated gold resource provides minor byproduct credits, contributing to the overall economics of the vein mine.
Positive factors
- Gold as a byproduct in the indicated resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Low gold grade, indicating it's a minor byproduct.
- This is a restatement of existing resources, not new information.
Evidence · table
“0.35”
Context: 2.6
indicatedLa Colorada Vein Mine · leadTonnes: 2600000Grade: 0.68Grade Unit: %Contained Metal: 17Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 0.68
- Grade Unit
- %
- Contained Metal
- 17
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated lead resource provides byproduct credits with good confidence, supporting the vein mine's economic profile.
Positive factors
- Lead as a byproduct in the indicated resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing resources, not new information.
Evidence · table
“0.68”
Context: 2.6
indicatedLa Colorada Vein Mine · zincTonnes: 2600000Grade: 1.14Grade Unit: %Contained Metal: 29Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 1.14
- Grade Unit
- %
- Contained Metal
- 29
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource provides valuable byproduct credits with good confidence, supporting the vein mine's economic viability.
Positive factors
- Zinc as a byproduct in the indicated resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing resources, not new information.
Evidence · table
“1.14”
Context: 2.6
measured_indicatedLa Colorada Vein Mine · silverTonnes: 3000000Grade: 156Grade Unit: g/tContained Metal: 14.8Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- measured_indicated
- Tonnes
- 3000000
- Grade
- 156
- Grade Unit
- g/t
- Contained Metal
- 14.8
- Contained Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined measured and indicated silver resources provide a good-confidence component to the vein mine's resource base.
Positive factors
- Combined measured and indicated silver resources, indicating good confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing resources, not new information.
Evidence · table
“156”
Context: 3.0
measured_indicatedLa Colorada Vein Mine · goldTonnes: 3000000Grade: 0.32Grade Unit: g/tContained Metal: 30Contained Unit: thousand ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- measured_indicated
- Tonnes
- 3000000
- Grade
- 0.32
- Grade Unit
- g/t
- Contained Metal
- 30
- Contained Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined measured and indicated gold resources provide minor byproduct credits, contributing to the overall economics of the vein mine.
Positive factors
- Gold as a byproduct in the combined measured and indicated resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Low gold grade, indicating it's a minor byproduct.
- This is a restatement of existing resources, not new information.
Evidence · table
“0.32”
Context: 3.0
measured_indicatedLa Colorada Vein Mine · leadTonnes: 3000000Grade: 0.71Grade Unit: %Contained Metal: 21Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- measured_indicated
- Tonnes
- 3000000
- Grade
- 0.71
- Grade Unit
- %
- Contained Metal
- 21
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined measured and indicated lead resources provide byproduct credits with good confidence, supporting the vein mine's economic profile.
Positive factors
- Lead as a byproduct in the combined measured and indicated resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing resources, not new information.
Evidence · table
“0.71”
Context: 3.0
measured_indicatedLa Colorada Vein Mine · zincTonnes: 3000000Grade: 1.2Grade Unit: %Contained Metal: 36Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- measured_indicated
- Tonnes
- 3000000
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 36
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The combined measured and indicated zinc resources provide valuable byproduct credits with good confidence, supporting the vein mine's economic viability.
Positive factors
- Zinc as a byproduct in the combined measured and indicated resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing resources, not new information.
Evidence · table
“1.20”
Context: 3.0
inferredLa Colorada Vein Mine · silverTonnes: 15300000Grade: 297Grade Unit: g/tContained Metal: 146.5Contained Unit: million ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 297
- Grade Unit
- g/t
- Contained Metal
- 146.5
- Contained Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred silver resource for the vein mine adds substantial potential, but its speculative nature means it cannot be converted to reserves without further work.
Positive factors
- Large inferred resource for silver, indicating significant future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
- This is a restatement of existing resources, not new information.
Evidence · table
“297”
Context: 15.3
inferredLa Colorada Vein Mine · goldTonnes: 15300000Grade: 0.27Grade Unit: g/tContained Metal: 132Contained Unit: thousand ouncesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 132
- Contained Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred gold resource provides minor byproduct credits, but its speculative nature requires further work.
Positive factors
- Gold as a byproduct in the inferred resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Low gold grade, indicating it's a minor byproduct.
- Inferred category carries higher geological uncertainty.
- This is a restatement of existing resources, not new information.
Evidence · table
“0.27”
Context: 15.3
inferredLa Colorada Vein Mine · leadTonnes: 15300000Grade: 1.93Grade Unit: %Contained Metal: 295Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 1.93
- Grade Unit
- %
- Contained Metal
- 295
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred lead resource provides byproduct credits, but its speculative nature requires further work.
Positive factors
- Lead as a byproduct in the inferred resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
- This is a restatement of existing resources, not new information.
Evidence · table
“1.93”
Context: 15.3
inferredLa Colorada Vein Mine · zincTonnes: 15300000Grade: 3.39Grade Unit: %Contained Metal: 520Contained Unit: thousand tonnesView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 3.39
- Grade Unit
- %
- Contained Metal
- 520
- Contained Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource provides valuable byproduct credits, but its speculative nature requires further work.
Positive factors
- Zinc as a byproduct in the inferred resource category.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
- This is a restatement of existing resources, not new information.
Evidence · table
“3.39”
Context: 15.3
Fact 35La Colorada Skarn Project · silverView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- silver
- Ticker
- PAAS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The good silver grade in the zinc concentrate demonstrates effective recovery of silver as a valuable byproduct.
Positive factors
- Good silver grade in zinc concentrate, indicating efficient recovery of silver as a byproduct.
- Achieved through conventional selective flotation, suggesting a robust process.
Evidence · text
“140 g/t silver in the zinc concentrate”
Fact 36La Colorada Skarn Project · zincView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- zinc
- Ticker
- PAAS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The high-grade zinc concentrate produced through conventional flotation is a positive indicator for marketability and revenue generation.
Positive factors
- High-quality zinc concentrate grade, indicating good marketability.
- Achieved through conventional selective flotation, suggesting a robust process.
Evidence · text
“59% zinc with approximately 140 g/t silver in the zinc concentrate”
Fact 37La Colorada Skarn Project · leadView all detailsHide details
Identity
- Project
- La Colorada Skarn Project
- Commodity
- lead
- Ticker
- PAAS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The high-grade lead concentrate produced through conventional flotation is a positive indicator for marketability and revenue generation.
Positive factors
- High-quality lead concentrate grade, indicating good marketability.
- Achieved through conventional selective flotation, suggesting a robust process.
Evidence · text
“high-quality marketable concentrates grading approximately 61% lead”
Fact 38La Colorada Vein Mine · silverView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- silver
- Ticker
- PAAS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The very high silver recovery from the existing vein mine demonstrates robust and proven metallurgical performance.
Positive factors
- Very high silver recovery for the vein mine, indicating excellent metallurgical performance.
Negative factors
- This is a restatement of existing metallurgical performance, not new information.
Evidence · table
“92.8”
Context: 90.1
Fact 39La Colorada Vein Mine · zincView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- zinc
- Ticker
- PAAS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The high zinc recovery from the existing vein mine contributes to its byproduct credits and overall economic viability.
Positive factors
- High zinc recovery for the vein mine, indicating strong metallurgical performance for a key byproduct.
Negative factors
- This is a restatement of existing metallurgical performance, not new information.
Evidence · table
“89.2”
Context: 93.4
Fact 40La Colorada Vein Mine · leadView all detailsHide details
Identity
- Project
- La Colorada Vein Mine
- Commodity
- lead
- Ticker
- PAAS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The high lead recovery from the existing vein mine contributes to its byproduct credits and overall economic viability.
Positive factors
- High lead recovery for the vein mine, indicating strong metallurgical performance for a key byproduct.
Negative factors
- This is a restatement of existing metallurgical performance, not new information.
Evidence · table
“88.2”
Context: 86.3
indicatedzincTonnes: 265400000Grade: 7.6Grade Unit: million tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 265400000
- Grade
- 7.6
- Grade Unit
- million tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“7.6”
Context: 265.4
indicatedleadTonnes: 265400000Grade: 3.6Grade Unit: million tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 265400000
- Grade
- 3.6
- Grade Unit
- million tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“3.6”
Context: 265.4
indicatedsilverTonnes: 265400000Grade: 309Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 265400000
- Grade
- 309
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“309”
Context: 265.4
inferredzincTonnes: 61700000Grade: 1.6Grade Unit: million tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 61700000
- Grade
- 1.6
- Grade Unit
- million tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“1.6”
Context: 61.7
inferredleadTonnes: 61700000Grade: 0.6Grade Unit: million tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 61700000
- Grade
- 0.6
- Grade Unit
- million tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“0.6”
Context: 61.7
inferredsilverTonnes: 61700000Grade: 59Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 61700000
- Grade
- 59
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“59”
Context: 61.7
provensilverTonnes: 3400000Grade: 33.2Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 33.2
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“33.2”
Context: 3.4
provengoldTonnes: 3400000Grade: 23Grade Unit: thousand ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 23
- Grade Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“23”
Context: 3.4
provenleadTonnes: 3400000Grade: 42Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 42
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“42”
Context: 3.4
provenzincTonnes: 3400000Grade: 75Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 3400000
- Grade
- 75
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“75”
Context: 3.4
probablesilverTonnes: 6100000Grade: 57.5Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 57.5
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable silver reserves represent a significant, economically viable portion of the existing mine, contributing to its long-term production. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the probable reserve category, indicating good confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“57.5”
Context: 6.1
probablegoldTonnes: 6100000Grade: 40Grade Unit: thousand ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 40
- Grade Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable silver reserves represent a significant, economically viable portion of the existing mine, contributing to its long-term production. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the probable reserve category, indicating good confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“40”
Context: 6.1
probableleadTonnes: 6100000Grade: 73Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 73
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable silver reserves represent a significant, economically viable portion of the existing mine, contributing to its long-term production. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the probable reserve category, indicating good confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“73”
Context: 6.1
probablezincTonnes: 6100000Grade: 134Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- probable
- Tonnes
- 6100000
- Grade
- 134
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The probable silver reserves represent a significant, economically viable portion of the existing mine, contributing to its long-term production. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the probable reserve category, indicating good confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“134”
Context: 6.1
provensilverTonnes: 9500000Grade: 90.7Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 9500000
- Grade
- 90.7
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“90.7”
Context: 9.5
provengoldTonnes: 9500000Grade: 64Grade Unit: thousand ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 9500000
- Grade
- 64
- Grade Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“64”
Context: 9.5
provenleadTonnes: 9500000Grade: 115Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 9500000
- Grade
- 115
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“115”
Context: 9.5
provenzincTonnes: 9500000Grade: 208Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- proven
- Tonnes
- 9500000
- Grade
- 208
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The proven silver reserves represent a high-confidence, economically viable portion of the existing mine, providing a stable production base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the proven reserve category, indicating high confidence and economic viability.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- This is a restatement of existing reserves, not new information.
Evidence · table
“208”
Context: 9.5
measuredsilverTonnes: 400000Grade: 3Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 3
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“3.0”
Context: 0.4
measuredgoldTonnes: 400000Grade: 2Grade Unit: thousand ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 2
- Grade Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“2”
Context: 0.4
measuredleadTonnes: 400000Grade: 4Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 4
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“4”
Context: 0.4
measuredzincTonnes: 400000Grade: 6Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 400000
- Grade
- 6
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“6”
Context: 0.4
indicatedsilverTonnes: 2600000Grade: 11.8Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 11.8
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“11.8”
Context: 2.6
indicatedgoldTonnes: 2600000Grade: 29Grade Unit: thousand ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 29
- Grade Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“29”
Context: 2.6
indicatedleadTonnes: 2600000Grade: 17Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 17
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“17”
Context: 2.6
indicatedzincTonnes: 2600000Grade: 29Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- indicated
- Tonnes
- 2600000
- Grade
- 29
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The indicated zinc resource for the Skarn Project is substantial in tonnage and grade, contributing significantly to the project's economics and confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large indicated resource tonnage for zinc.
- Grade of 2.85% Zn is strong for a skarn deposit.
- Resource is NI 43-101 compliant and QP signed.
Evidence · table
“29”
Context: 2.6
measuredsilverTonnes: 3000000Grade: 14.8Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 3000000
- Grade
- 14.8
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“14.8”
Context: 3.0
measuredgoldTonnes: 3000000Grade: 30Grade Unit: thousand ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 3000000
- Grade
- 30
- Grade Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“30”
Context: 3.0
measuredleadTonnes: 3000000Grade: 21Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 3000000
- Grade
- 21
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“21”
Context: 3.0
measuredzincTonnes: 3000000Grade: 36Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- measured
- Tonnes
- 3000000
- Grade
- 36
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The measured silver resource, though small, provides a high-confidence component to the vein mine's resource base. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade silver in the measured resource category, indicating very high confidence.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Relatively small tonnage in the measured category.
- This is a restatement of existing resources, not new information.
Evidence · table
“36”
Context: 3.0
inferredsilverTonnes: 15300000Grade: 146.5Grade Unit: million ouncesView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 146.5
- Grade Unit
- million ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“146.5”
Context: 15.3
inferredgoldTonnes: 15300000Grade: 132Grade Unit: thousand ouncesView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 132
- Grade Unit
- thousand ounces
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“132”
Context: 15.3
inferredleadTonnes: 15300000Grade: 295Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 295
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“295”
Context: 15.3
inferredzincTonnes: 15300000Grade: 520Grade Unit: thousand tonnesView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- PAAS
Resource Data
- Category
- inferred
- Tonnes
- 15300000
- Grade
- 520
- Grade Unit
- thousand tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-24T00:00:00.000Z
Reasoning: The inferred zinc resource adds significant potential to the project, though its preliminary nature requires further drilling to upgrade confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource tonnage for zinc, indicating future potential.
- Resource is NI 43-101 compliant and QP signed.
Negative factors
- Inferred category carries higher geological uncertainty.
Evidence · table
“520”
Context: 15.3
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.