Escobal

Underground silver-gold-lead-zinc mine in Guatemala, ~40 km east-southeast of Guatemala City. 100% owned through PASG (acquired with Tahoe in 2019). Intermediate-sulfidation, fault-related vein deposit covering 29.2 km². Operations suspended since July 2017 pending completion of ILO 169 consultation process; export credential not renewed. 2025: $21M care-and-maintenance spend; estimated reclamation cost $14M (Dec 31, 2025). Pre-suspension processed via 4,500 tpd lead-zinc differential flotation plant. Reserve estimates not updated since the Tahoe Acquisition.