Vancouver-based Pan American Silver (NYSE:PAAS) Corp., a major producer of silver and gold with operations spanning across the Americas, has temporarily halted operations at its La Colorada mine in Mexico. The decision comes in the wake of an armed robbery that took place at the site earlier this week. The company has confirmed that there were no injuries during the incident.
The company is now focusing on care and maintenance activities at the affected mine while working closely with local authorities to ensure safety. Operations at La Colorada will remain suspended until the company is confident that safety can be guaranteed for its workers and the site.
In addition to operating silver and gold mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil, Pan American Silver Corp . also owns the Escobal mine in Guatemala. However, this mine is currently not operational. The company also holds interests in various exploration and development projects throughout the Americas.
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