Pan American Silver Provides 2025 Year End Exploration Update

Core Insights - Pan American Silver Corp. has provided an exploration update for 2025, highlighting significant advancements in its long-term exploration strategy aimed at replacing and growing mineral resources across several key operations [2][3][4]. Exploration Highlights - Jacobina Mine: Exploration focused on the Maricota zone has confirmed the potential to expand inferred gold resources, with notable drill results including 8.97m at 5.67 g/t Au, extending resources approximately 300m down dip and along strike [3][8]. - El Peñon Mine: Increased exploration has confirmed and extended mineralization in core mine structures and satellite deposits, with significant results such as 1.40m at 31.20 g/t Au and 81 g/t Ag [3][9]. - La Colorada Mine: Infill and exploration drilling have expanded the estimated 52.7 million ounces of inferred silver mineral resources, with notable results including 15.7m at 201 g/t Ag [4][11]. - Timmins Projects: Drilling at Whitney and Vogel has indicated mineral resource potential, with significant intercepts including 1.15m at 399.43 g/t Au [6][15]. - Huaron Mine: Drilling has extended mineral resources with significant results such as 1.57m at 627 g/t Ag and 15.46% Pb [12][14]. - Minera Florida: Infill and exploration drilling have confirmed the continuity of mineralization, with highlights including 1.06m at 20.19 g/t Au [16][19]. - Cerro Moro: Shallow exploration and infill drilling at the Naty Condor discovery have yielded notable results, including 17.95m at 13.51 g/t Au and 228 g/t Ag [20][21]. Drilling Statistics - For the period from November 2024 to October 2025, a total of 540,000 metres of drilling is planned, with 333,830 metres already completed, representing 70% of the total [2][7]. - The exploration program emphasizes near-mine exploration and resource conversion across the company's portfolio of operating mines [2][3]. Future Prospects - The company aims to continue expanding its mineral resources through ongoing exploration efforts, particularly in areas with confirmed geological continuity and high-grade potential [2][4][8]. - New target areas have been identified, such as Lagartixa and Canavieiras Extension, which hold significant potential for adding new mineral resources [7][8].