Pan American Silver 2021 Output Grew Despite Workforce Reductions — Commodity Comment – MarketWatch
By Adriano Marchese
Pan American Silver Corp. said production in 2021 improved from the previous year, though it continued to be constrained by workforce deployment levels due to the pandemic.
On production:
“Consolidated silver production in 2021 of 19.2 million ounces was within the revised guidance range of 19.0 to 20.0 million ounces provided on Nov. 9, 2021.”
“Consolidated gold production in 2021 of 579,300 ounces was within the revised guidance range of 560,000 to 588,000 ounces provided on Nov. 9, 2021.”
“Pan American Silver is currently experiencing the effects of the latest wave of Covid-19 infections, which has led to reduced workforce levels.”
“At the present time, it is too early to determine what impact, if any, the current Covid-19 situation may have on operations in the first quarter or full-year 2022. Consequently, Pan American Silver has decided to postpone issuing its 2022 production and costs guidance.”
Write to Adriano Marchese at adriano.marchese@wsj.com
