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Wednesday, March 31, 2010

Pan American Silver (NASDAQ:PAAS) Could Benefit from Argentina Policy Changes

Pan American Silver's Navidad silver project

Current policies in the Chubut province of Argentina disallow open-pit mining, but that could change soon, and Pan American Silver (NASDAQ:PAAS) benefit nicely from it because of their Navidad silver project, which is located in Chubut.

The Navidad silver project came with the acquisition of Aquiline Resources in the early part of 2010. Pan American has hopes and expectations this could be opened up for them, and there's now a good chance it will.

In other related discussion, bans on cyanide will probably also be lifted in conjunction with the open-pit mining.

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