Pan American Silver Corp. (PAAS)

[douginil]

Pan American Silver Provides Operations Update in Response to COVID-19

VANCOUVER, April 1, 2020 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American") announced today that Mexico's Ministry of Health has issued an Executive Order for the immediate suspension of non-essential activities until April 30, 2020 in response to the COVID-19 pandemic. Following an initiative of reducing the number of people on site to increase physical distancing, Pan American will now expand this program in order to bring its La Colorada and Dolores operations into compliance with the Executive Order. Pan American has also begun to voluntarily reduce throughput by approximately 10% to 20% at its Timmins operation in Canada in order to further enhance physical distancing throughout the operation, offices and personnel transport systems.

Michael Steinmann, President and Chief Executive Officer of Pan American, said: "We are carefully monitoring new developments regarding the pandemic, implementing the preventative measures recommended by health authorities and adapting our operations to government or company-led directives. The efforts of our employees have been invaluable in helping us manage this very challenging but temporary period, and I am grateful for their dedication."

As previously announced, Pan American has suspended normal operations at its mines in Peru, Argentina and Bolivia in order to comply with mandatory national quarantines. The governments in those countries have declared that the quarantine periods are extended to April 12, 2020 in Peru, April 13, 2020 in Argentina and April 15, 2020 in Bolivia. These quarantine periods may be extended further as the situation in each country develops.

There are currently no confirmed cases of COVID-19 at any of Pan American's operations.

https://www.panamericansilver.com/news/news-releases/detail/99/2020-04-02-pan-american-silver-provides-operations-update-in-response-to-covid-19