Pan American Silver (PAAS) Announces $146M Investment to Expand Timmins Camp Operations

Pan American Silver Corp. (NYSE:PAAS) is one of the most undervalued stocks to buy and hold for 2 years. On June 1, Pan American Silver advanced the first phase of the “Timmins Camp Project” to extend the life and production capacity of its Ontario operations. This initiative uses existing infrastructure at the Bell Creek mine and processing plant, supported by a $146 million investment to advance new mineral resources.

Key developments include a 625-meter shaft extension at the Bell Creek mine to access deeper mineralization and the creation of underground access drifts at the Vogel and Samson satellite deposits. These projects, combined with extensive ongoing drilling programs, aim to integrate these deposits into a long-life, district-scale production platform.

The company is actively advancing engineering studies, metallurgical evaluations, and resource conversion to optimize its Timmins facilities. With ongoing exploration and positive drill results across the Bell Creek, Vogel, Samson, and Gold River properties, Pan American is positioning its Timmins operations for sustained, long-term growth.

Pan American Silver Corp. (NYSE:PAAS) is a premier Canadian-based mining company that explores, extracts, and produces silver and gold, along with base metals like zinc, lead, and copper, primarily in the Americas. It operates high-margin mines and aims to be the world’s leading silver producer, with operations in Canada, Mexico, Brazil, Argentina, and Peru.

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