Foran Mining taps investors for McIlvenna Bay initial phase funding
McIlvenna Bay is currently host to the largest undeveloped VMS deposit in the Flin Flon region in Saskatchewan.
Pan American Silver (NYSE: PAAS) (TSX: PAAS) announced Wednesday that it will restart operations at its La Colorada mine in Mexico on October 16 following a shift change and the transition from care and maintenance.
Last week, Pan American suspended all operating activities at La Colorada mine after reporting an armed robbery involving two trailers of concentrate.
The company said there were no physical injuries to personnel in connection with the incident, which occurred on October 5.
The temporary suspension of operating activities was due to security concerns at the mine site and the surrounding area following the robbery. There were no physical injuries to our personnel in connection with that incident, the miner said.
Pan American reported rapid response and efforts of the Zacatecas state government and federal authorities in Mexico to improve security in the vicinity of the mine, providing an environment that allows for mine operations to resume.
The Mexican authorities have taken steps to facilitate the safe transit to and from the mine site for all the employees, contractors and people from the nearby communities. Pan American said it will maintain direct communications with the Mexican authorities during the period leading up to the resumption of operations.
Pan American said it does not expect the temporary suspension of La Colorada to have a material impact to its annual consolidated production and cost guidance for 2023, or to the targeted timing of late 2023 for the release of the La Colorada skarn preliminary economic assessment.
