Pan American Silver To Sink $80M Into Mine Expansion

Law360, New York (December 19, 2013, 1:39 PM EST) -- South American silver and gold mining company Pan American Silver Corp. will invest $80 million over the next four years into the expansion of its La Colorada mine in Mexico, a project that the company believes will increase silver extraction by roughly 64 percent per year by the end of 2017, according to a Wednesday statement.

The company chose to move ahead with the project after a study conducted on the mine indicated that expansion could not only provide access to untapped reserves but also could...
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