Pan American Silver suspends mine operations in Peru
Pan American Silver (NASDAQ: PAAS) said today that it is moving its Huaron and Morococha operations in Peru into care and maintenance in response to several workers at the mines recently testing positive for COVID-19.
"Testing and tracing of the COVID-19 virus are part of the comprehensive protocols Pan American has implemented across all of its operations in response to COVID-19. Reduced workforces will conduct care and maintenance activities at Huaron and Morococha until it is determined that normal operations can safely resume," said the company in a statement.
In 2019 Huaron and Morococha produced 3.8 million ounces and 2.5 million ounces of silver respectively. Total silver production during the year was 25.8 million ounces.