Pan American Silver (TSX: PAAS; NYSE: PAAS) has expanded to 10 operations across eight countries with its Yamana Gold deal and looks to advance key projects after selling non-core assets, CEO Michael Steinmann says in a new video.
The Vancouver-based company took in about US$1 billion in cash from asset sales over the past year while keeping a few royalties, Steinmann said at the The Northern Miner‘s London Symposium last month.
“We have now pretty much the optimal size, but within that size we have a few large operations, like Jacobina in Brazil which came to us from the Yamana side and is our biggest cashflow, mostly gold,” he said. “And we made a very large discovery in Mexico below our biggest silver mine which is La Colorada.”
Steinmann spoke with Adrian Pocobelli, The Northern Miner‘s podcast host. Watch the full conversation below. Joint venture videos are paid-for content in arrangement with The Northern Miner.
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