Pan American Silver Corp. (NASDAQ:PAAS) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 11:00 am ET

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Pan American Silver Corp. (NASDAQ:PAAS) Q2 2020 Earnings Conference Call - Final Transcript

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Q & A
Executive
Michael Steinmann

price run here has been pretty recent over the last two months, actually post of what we actually decided on prices.

Executive
John Tumazos

If I can ask another, is it fair to view the one year extension to La Arena oxides and two year extension in the life of Shahuindo oxides as giving you another year and another two years more time strategically to evaluate divestiture JV or optimization of the sulfides at each location?

Executive
Michael Steinmann

Well, we're not talking about the sulfides yet at Shahuindo. I think we are -- this is coming down in the future, but it's absolutely fair your view there to say that that gives us even another year to think what we're going to do at -- what you referred to, it's called La Arena too, the sulfide, the big copper gold deposit sitting below and underside of the current La Arena mine. Absolutely that that gives us even another year there and gives us a lot of time to think and work on what we're going to do in the future with that asset.

Executive
John Tumazos

I can ask one more finally is Juby's 4 million ounce divestiture, the only gold resource divestiture you're contemplating, or might there be more sorted out from the exploration assets in the next year or two?

Executive
Michael Steinmann

No, look, there is a large amount of projects, early stage projects, smaller projects that we have in our portfolio, some for a long time. As you can imagine, there is much more interest in exploration assets than there has been for a long time. So, absolutely, we will try to optimize our portfolio here in the future, and you should expect that there will be more to come.

Executive
John Tumazos

Thank you and congratulations on everything.

Executive
Michael Steinmann

Thank you, John.

Operator
Operator

Thank you. This concludes the question-and-answer session. I would like to turn the conference back over to Mr. Michael Steinmann for any closing remarks.

Executive
Michael Steinmann

Thank you everyone for calling in today. Looking forward to give you an update on Q3, that's wow November already. So enjoy the rest of the summer and most importantly, stay healthy and safe. Thank you.

Operator
Operator

[Operator Closing Remarks]