Pan American Silver Corp Q4 2020 Earnings Call Transcript

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

Question: Ryan Thompson - BMO Capital Markets Equity Research - Analyst : I think my questions were sort of asked, but maybe I'll just ask some quick follow-ups. First one is probably for Rob. But just on the topic of the investment gains and the mark-to-market. Obviously, it creates a bit of volatility in your earnings. Is there any thought of adjusting that out going forward or are you happy to sort of stick with how you did it last year?

Question: Ryan Thompson - BMO Capital Markets Equity Research - Analyst : Okay. That's helpful. And maybe just switching gears and following up on the question about the sulfides at La Arena, the porphyry. Can you just describe -- like is that porphyry, is it sitting below like the current pit or is it sort of off to the side? Like if someone was to come in and say, acquire that project. Do they have to effectively wait for mining to be completed on the oxides? And I know you said you've sort of extended the life beyond the 2021 time frame you originally had in mind? So if you can just comment on what that would potentially look like or how a deal could potentially be structured there?

Question: Ryan Thompson - BMO Capital Markets Equity Research - Analyst : Okay. Yes, that's helpful. And then maybe just one last question for me. Sort of switching back to, I guess, quasi the New Pacific investment and your operation in Bolivia, San Vicente. There's been a change in government in Bolivia. Can you just make any comments that you can regarding that change in government? And if it's had any impact on San Vicente and the relationships in Bolivia?