What is the production cost per ounce?
Pan American Silver Corp., like many other precious metals producers, uses methods established by The Gold Institute (Production Cost Standards, Nov. 1999) to calculate costs per ounce of silver produced at mine operations. All of Pan American Silver Corp.’s operations are “primary” silver mines — meaning that the majority of their value (revenue) comes from silver. The “cash cost per ounce” of silver for each mine is based on the ounces of silver for which we are paid, which excludes the ounces lost in smelting and refining.
