Pan American Silver (NYSE:PAAS) announced Thursday its recent exploration success at the La Colorada mine in Mexico.

The stock’s positive movement comes as the company reported new high-grade veins discovered in their drilling campaign, which may enhance their mineral resource potential.

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Details

Recent drilling results from Pan American Silver have revealed at least four new veins with high silver, gold, and base metal grades at the La Colorada mine.

The drilling is conducted between November 2025 and January 2026 covering 17,774 meters. It highlighted significant mineralization, with silver assays exceeding 1,000 grams per tonne in 40% of the reported holes.

These veins trend roughly west-northwest, creating a combined strike length of about 2,500 meters between the previously identified Cristina and San Gerónimo veins.

Christopher Emerson, Senior Vice President of Exploration and Geology added, “With silver assays exceeding 1,000 g/t in 40% of the reported drill holes, many with attendant high base-metal and gold grades, the discovered structures indicate the potential to add to the mineral resources at La Colorada, which we look forward to reporting in our mineral reserve and mineral resource ...