Pan am Silver announces suspension of Huaron and Morococha silver mines in Peru

(Pan American Silver), a precious metals mining company, is suspending its operations at the Huaron and Morococha silver mines in Peru for maintenance until it is determined that operations can be safely resumed after several workers tested positive for the new crown virus, SMM7 said.

Pan American Bank owns and operates silver and gold mines in Mexico, Peru, Canada, Argentina and Bolivia. As the world's second largest producer of raw silver, it has the largest silver reserve base in the world.

Data show that Pasco's Huaron mine produced 3.8 million ounces of silver in 2019, while the Morococha mine produced 2.5 million ounces of silver. And in view of the uncertainty of the epidemic, Pan am withdrew its 2020 business guidelines in March.

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