The company also reported improved output at several other operations, including a 42% increase at Morococha in Peru due to improved recoveries, throughput and grades.

FORBES: Pan American 3Q Silver Output Lifted By Newly Acquired Dolores Mine; Adjusted Earnings Fall

Peruvian output rose at Huaron and Morococha as a result of investment the company made in additional underground development over the last 12 months, Burns said.

FORBES: Pan American 3Q Silver Output Lifted By Newly Acquired Dolores Mine; Adjusted Earnings Fall

In other words, that Morococha's people were selling themselves short.

BBC: Peru's 'copper mountain' in Chinese hands

Morococha is a poor and depressing place.

BBC: Peru's 'copper mountain' in Chinese hands