Pan American Silver Corp Q3 2023 Earnings Call Transcript

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

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : We'll start off with Escobal. We're seeing some -- a lot of activity in terms of the meetings, there are a number of visits, I think, to the mine and other engagements with the Ministry of Mines and so on. Appreciate these details, but can you share what is discussed at those meetings? Why would they need to go to the mine 3 times? Are they impressed by the mine? Or what's the nature of their visit and what are they looking at when they go?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. And but what happens beyond that? I mean at that point, the consultation would largely be concluded. Is it -- will you then be negotiating or having -- continuing your discussions with the Xinka or other members? What happens beyond that decision?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. Fair enough. And because the court can say the process followed the ILO 169, but that doesn't necessarily mean that the mine gets restarted. But anyway, we'll look for color in the coming months, but we're encouraged by this activity that took place this quarter.

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Sort of previous caller touched on this. Ventilation is going to be completed by mid next year. So what should we be modeling for AISC in the next 2 or 3 quarters, in the $25 to $30 range or is that kind of in the pipeline?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. And then final question, just company-wide, directionally heading into the Q4 last quarter of the year, are you expecting an improvement versus Q3? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 08, 2023 / 4:00PM, PAAS.TO - Q3 2023 Pan American Silver Corp Earnings Call