Pan American Silver's Steinmann on Silver Deposits

The transcript discusses the challenges and opportunities in finding and developing silver deposits, particularly in Argentina. It highlights the economic factors such as exchange rates and taxes that impact mining operations. The focus is on the Navidad mine, the largest undeveloped silver deposit, and the political processes required for its development.

What are some of the challenges mentioned in finding good silver deposits?

• Geological challenges

• Lack of technology

• High labor costs

• Scarcity of silver

How has the exchange rate affected the silver mining business in Argentina?

• It has no impact

• It has helped reduce costs

• It has increased taxes

• It has made operations more expensive

What is the current status of the Navidad mine?

• It is in the planning stage

• It is not yet in production

• It is being closed down

• It is fully operational

What is significant about the Navidad mine?

• It is the oldest mine in Argentina

• It is the smallest silver deposit

• It is the largest undeveloped silver deposit

• It is the most expensive mine to develop

What needs to happen before the Navidad mine can be developed?

• Hiring of more workers

• Increase in silver prices

• Completion of environmental studies

• Political processes must be completed