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Pan American Silver Provides Update On La Colorada

NASDAQ:PAAS   None
Pan American Silver Provides Update On La Colorada
themarketsignal.com/Free-Report/PAAS
Pan American Silver Corp. (TSX:PAAS) has a short interest ratio of 1.0 implying that investors think that stock could gain in the near-team. This means the sentiments are bullish on the stock. The company updated the inferred mineral resource of the La Colorada skarn deposit in Mexico of 100.4 million tonnes. The resource contains around 141.0 million silver ounces. Interestingly the updated mineral resource represents an increase of 38% which is an equivalent of the initial resource estimate given in December last year.
The company has put the Morococha and Hauron operations in Peru under care and maintenance after workers at the mines tested positive of coronavirus. The reduced workforce at the mines will carry out care and maintenance until it is safe to resume normal operations.

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