Issue link: http://resourceworld.uberflip.com/i/990287
10 www.resourceworld.com J U N E / J U L Y 2 0 1 8 2018, the company announced that the blockade had ended and that operations would shortly resume. Pan American said operations were suspended on April 24, 2018 after the community members demanded compensation from the com - pany for alleged impacts to the community land, as well as additional service contracts for construction work, haulage and mate - rial supply at the mine. Pan American owns and operates six mines in Mexico, Peru, Argentina and Bolivia. The Peruvian operations include the Huaron and Morococha mines and an exploration stage gold property known as Pico Machay. Huaron is a 2,300 tonne-per- day underground polymetallic silver mine located in the province of Pasco in the Central Highlands of Peru. The operation is producing silver-rich zinc, lead and copper in concentrates. It is expected to produce 3.6-3.8 million oz of silver, or 14% of the 25 million to 26.5 million oz of silver that the company expects to produce this year. Redzone Resources Ltd. [REZ-TSXV, REZZF-OTC] holds a 55% stake in the Lara copper-molybdenum project, which covers 1,800 hectares 400 km southeast of Lima. Exploration programs completed to date at Lara have successfully determined that the area of the original resource (18.6 million tonnes at 0.53% copper with 0.2% copper cut-off) is now 2,000 metres long east-west and 500 to 800 metres wide north-south. It is proposed that diamond drilling of 3,000 metres at approximately 100-metre spacings could outline a higher grade core zone, and the diamond drilling of an addi - tional 10,000 metres at 300-metre spacings could further expand the area of the resource. The company has said it is mull- ing over strategic options for the project. Redzone appointed Jean-Philippe Paiement to the company's advisory board. Paiement currently works for a leading mining-focused private equity fund. Prior to that, he worked with SGS Canada Inc., a global mining consultancy, where he was involved in Nemaska Lithium Inc. [NMX-TSX, NMKEF-OTCQX; NOT-FSE] for nearly five years. Sierra Metals Inc. [SMT-TSX, Lima; SMTS-NYSE American], through its subsidiary, owns an 82% interest in the polymetallic, underground Yauricocha Mine in Yauyos Province. In addition to the producing silver-lead-zinc-copper-gold mine, the Yauricocha property is host to multiple near-mine and regional explora - tion targets. Sierra Metals´ current land position in Peru exceeds 50,000 hectares. The company said that "Yauricocha continues to perform with record through - put in the first quarter as the Sierra Metals continues to reap the benefits of a success- ful operational improvements program. Additionally, improved realized metal prices contributed to higher revenue and improved net production revenue per tonne." Yauricocha's cash cost per zinc equivalent payable pound was $0.57 (Q1 2017 – $0.42), and AISC per zinc equiva - lent payable pound of $0.82 (Q1 2017 – $0.61). During Q1 2018, the company drilled 66 exploration drill holes totaling 6,919 metres at Yauricocha. SSR Mining Inc. [SSRM-TSX, NASDAQ] has a 100% interest in the San Luis Project in the Ancash Department, central Peru. It is centred on a high-grade, gold-silver vein, the Ayelen vein, which was discovered in 2005. Project highlights include proven and probable reserves of 7.2 million ounces of silver averaging 447.2 g/t and 0.29 million ounces of gold grading 18.6 g/t as of December 2016. In a presentation to investors, SSR describes San Luis as a unique high-grade gold reserve with exploration upside. A June 2010 feasibility study said the project could support average annual production of 1.9 million ounces of silver and 78,000 ounces of gold. Tahoe Resources Inc. [THO-TSX; TAHO-NYSE] is an Americas-focused pre - cious metals company. It operates the Escobal Mine in Guatemala, the La Arena and Shahiundo gold mines in Peru and the Timmins West and Bell Creek gold mines in Canada. PERU