Pan American Silver Corp Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division - Analyst : Hopefully, I'm not going to repeat too much of what Cosmos just asked, but I just wanted to ask 1 high-level question on the Dolores suspension. I know that operating margins were clearly the issue, but can you just discuss kind of what aspect was the tipping point? Was it a matter of the scale of the operation, grade profile or labor rates? And what I'm trying to get at, I guess, is just trying to understand what would need to change going forward that would let you bring it back online?

Question: Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division - Analyst : Yes. Sorry about that, Steve, yes.

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : So Q2 also saw the cost at other mines and focusing on La Arena and Manantial Espejo, did you perform impairment testing on these assets? And if so, how did they fare and what's the asset? They're also somewhat short-lived, and so is the outlook unchanged despite the elevated cost that we saw in Q2?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. And with the end of Dolores in view and other mines that are short-lived. Does the company have a strategy for replacing assets or perhaps a targeted level of production in gold and silver segments to maintain?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. Okay. Fair enough. That gives some good color. Shifting over to La Colorada, performed well, and I see that some of the access to high-grade zones resumed, thanks to the ventilation. Do you expect that to continue? And would we expect to see further incremental gains both in terms of throughput or grade in the coming quarters?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. Just to segue into the Skarn then, we're all excited to see the resources. Was there any reason why it was just pushed forward a little bit?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. Great. We'll look forward to that. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 11, 2022 / 3:00PM, PAAS.TO - Q2 2022 Pan American Silver Corp Earnings Call