VANCOUVER, Oct. 29,
2014 /CNW/ - Pan American Silver Corp. (NASDAQ:
PAAS; TSX: PAA) ("Pan American" or the "Company") is pleased to
report that it has filed on SEDAR an updated technical report with
respect to its Huaron property in the Pasco Province, Peru, (the "Huaron Report"). The Huaron Report
was prepared and filed in order to update information on the Huaron
property, including changes to metal price trends, operational
performance and costs, and forecasts of production and costs over
the life of the mine, and to provide additional drilling
information.
The Company also intends to file on SEDAR an
updated technical report with respect to its Morococha property
located in the Yauli Province, Peru (the "Morococha Report"). Like the Huaron
Report, the Morococha Report will provide updated information on
the Morococha property, including changes to metal price trends,
operational performance and costs, and forecasts of production and
costs over the life of the mine, and to provide additional drilling
information.
The Huaron Report is available under the
Company's profile at www.sedar.com, and the Morococha Report will
also be available at www.sedar.com once filed.
Qualified Persons
This news release was prepared under the
supervision and review of Michael
Steinmann, P. Geo., Executive Vice President Corporate
Development and Geology, Martin Wafforn, P. Eng., Vice President
Technical Services, and Americo
Delgado, P. Eng., Director, Metallurgy, who are qualified
persons as that term is defined by National Instrument 43-101 –
Standards of Disclosure for Mineral Projects.
About Pan American Silver Corp.
Pan American's mission is to be the world's
pre-eminent silver producer, with a reputation for excellence in
discovery, engineering, innovation, and sustainable development.
The Company has seven operating mines in Mexico, Peru,
Argentina, and Bolivia, and several development projects in
the USA, Mexico, Peru,
and Argentina.
Note on Forward-looking Statements and
Information
CERTAIN OF THE STATEMENTS AND INFORMATION IN
THIS NEWS RELEASE CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN
THE MEANING OF THE UNITED STATES
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
"FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE
CANADIAN SECURITIES LAWS. ALL STATEMENTS, OTHER THAN
STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING
STATEMENTS. WHEN USED IN THIS NEWS RELEASE THE WORDS,
"INTENDS", "WILL" AND OTHER SIMILAR WORDS AND EXPRESSIONS IDENTIFY
FORWARD-LOOKING STATEMENTS OR INFORMATION. THESE
FORWARD-LOOKING STATEMENTS OR INFORMATION RELATE TO, AMONG OTHER
THINGS:THE ANTICIPATED FILING OF ANY TECHNICAL REPORTS OR THE
TIMING OF SUCH FILING; AND THE COMPANY ACHIEVING ANY EXPECTED
RESULTS OR OPERATING IN ACCORDANCE WITH THE CURRENTLY ANTICIPATED
MINING PLANS OR OTHER MATTERS ADDRESSED IN TECHNICAL REPORTS
ASSOCIATED WITH THE HUARON OR MOROCOCHA PROPERTIES.
THESE STATEMENTS REFLECT CURRENT VIEWS WITH
RESPECT TO FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF
ASSUMPTIONS AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE, ARE
INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE,
POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY
FACTORS, BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE
RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT ARE OR MAY BE EXPRESSED
OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS CONTAINED IN THIS
NEWS RELEASE AND ASSUMPTIONS AND ESTIMATES HAVE BEEN MADE BASED ON
OR RELATED TO MANY OF THESE FACTORS. SUCH FACTORS INCLUDE,
WITHOUT LIMITATION: FLUCTUATIONS IN SPOT AND FORWARD MARKETS FOR
SILVER, GOLD, BASE METALS AND CERTAIN OTHER COMMODITIES (SUCH AS
NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN CURRENCY
MARKETS (SUCH AS THE MEXICAN PESO VERSUS THE U.S. DOLLAR); CHANGES
IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS
OR REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS,
PARTICULARLY IN MEXICO,
PERU AND IN CANADA; RISKS AND HAZARDS ASSOCIATED WITH THE
BUSINESS OF MINERAL EXPLORATION, DEVELOPMENT AND MINING (INCLUDING
ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED
GEOLOGICAL OR STRUCTURAL FORMATIONS, PRESSURES, CAVE-INS AND
FLOODING); EMPLOYEE RELATIONS; RELATIONSHIPS WITH AND CLAIMS BY
LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; AVAILABILITY AND
INCREASING COSTS ASSOCIATED WITH MINING INPUTS AND LABOUR; THE
SPECULATIVE NATURE OF MINERAL EXPLORATION AND DEVELOPMENT,
INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS AND
THE PRESENCE OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS
ON MINING; DIMINISHING QUANTITIES OF GRADES OF MINERAL RESERVES AS
PROPERTIES ARE MINED; GLOBAL FINANCIAL CONDITIONS; CHALLENGES TO,
OR DIFFICULTY IN MAINTAINING, TITLE TO PROPERTIES AND CONTINUED
OWNERSHIP THEREOF; THE ACTUAL RESULTS OF CURRENT EXPLORATION
ACTIVITIES, CONCLUSIONS OF ECONOMIC EVALUATIONS, AND CHANGES IN
PROJECT PARAMETERS TO DEAL WITH UNANTICIPATED ECONOMIC OR OTHER
FACTORS; INCREASED COMPETITION IN THE MINING INDUSTRY FOR
PROPERTIES, EQUIPMENT, QUALIFIED PERSONNEL, AND THEIR COSTS; AND,
WITH RESPECT TO PAN AMERICAN, THOSE FACTORS IDENTIFIED UNDER THE
CAPTION "RISKS RELATED TO PAN AMERICAN'S BUSINESS" IN PAN
AMERICAN'S MOST RECENT FORM 40F AND ANNUAL INFORMATION FORM FILED
WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION AND CANADIAN SECURITIES REGULATORY
AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING
UNDUE CERTAINTY OR RELIANCE ON FORWARD-LOOKING STATEMENTS.
ALTHOUGH PAN AMERICAN HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS
THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE
OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED,
ESTIMATED, DESCRIBED OR INTENDED. THE COMPANY DOES NOT
INTEND, AND DOES NOT ASSUME ANY OBLIGATION, TO UPDATE THESE
FORWARD-LOOKING STATEMENTS OR INFORMATION TO REFLECT CHANGES IN
ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY OTHER EVENTS
AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY
APPLICABLE LAW.
SOURCE Pan American Silver Corp.