Pan American suspends Peru operations

Pan American Silver (NASDAQ: PAAS, TSX: PAAS) announced on Monday it is moving its Huaron and Morococha operations in Peru into care and maintenance in response to several workers at the mines recently testing positive for covid-19.

According to the company, a reduced workforce will conduct activities until it is determined that normal operations can safely resume.

Mining companies operating in Peru are being forced to keep operations suspended and halt new ones as confirmed coronavirus cases in the country surged past 353,000 on Sunday.

The Huaron mine in Pasco produced 3.8 million ounces of silver in 2019, while the Morococha mine produced 2.5 million ounces.  

The world’s second largest primary silver producer had suspended normal operations at its mines in Mexico, Peru, Argentina and Bolivia in March to comply with mandatory national quarantines imposed in response to the pandemic.

The Timmins West and Bell Creek mines in Canada have continued to operate at 90% of capacity.

Pan American withdrew its 2020 operating guidance in March, given the uncertainties related to the pandemic.

Midday Monday, Pan American’s stock was up 3.3% on the TSX. The company has a C$10.1 billion market capitalization.

When customers want to purchase crusher wear parts, first of all, they care about the price. How to get the best quality and price crusher wear parts? How to calculate crusher wear parts price? As a casting foundry worker, let me show you the consist of price.

Crusher wear parts include:

• Jaw crusher wear parts. Jaw plates, cheek plates
• Cone crusher wear parts. Mantles, bowl liners/concaves, feed cone, mainframe liners, protection cones, arm guards
• Primary gyratory crusher wear parts. Mantles, concave segments, bottom shell side liners, spider cap, arm liners, rim liners
• Horizontal shaft impact (HSI) crusher wear parts. Blow bars, breaker plates, liner plates, tip sets, distributor plates, wear plates, anvils, and shoes
• Vertical shaft impact (VSI) crusher wear parts. Blow bars, breaker plates, liner plates, tip sets, distributor plates, wear plates, anvils, and shoes

Consist Of Crusher Wear Parts Price

All of those crusher wear parts are casting parts, let us use cone crusher parts (mantle and concave) as an example.

Price Structure=Pattern Fee+Raw Material Price+Casting Electric Charge+Heat Treatment Electric Charge+Machining Fee+Printing and Package Fee+Foundry Profit

• Pattern Fee: Most mantles and concaves patterns use wood patterns. Wood patterns fee around USD0.7/kg. If your inquiry mantle weight 1000kg, the pattern fee is USD700. In our foundry, the pattern fee will back to you when you order more than 10 sets of these parts.
• Raw Material Price: There is a big difference in different foundries. Some foundries use scrap steel, the price will low. However, the quality also goes down. In our foundry, we do not use scrap steel, so our price is a little higher than others.
• Electric Charge: It based on the location of foundries. In the west of China, the electric charge is lower; In the east of China, the electric charge is higher. Our foundry locates in the west of China, and our group has ourselves power plant.
• Printing and Package Fee: In order to get a better surface, our foundry uses the best printing and package material.

If you still have problems, please contact our engineers to help you.

@Nick Sun     NICK@XZHUAGANG.COM