Pan American Silver (PAAS) says it is suspending work on its Navidad silver mine project in...

|About: Pan American Silver Corp. (PAAS)|By:, SA News Editor

Pan American Silver (PAAS) says it is suspending work on its Navidad silver mine project in Argentina's Chubut province, citing proposed legislation that could sharply raise taxes on the mining industry. PAAS currently operates the Manantial Espejo silver mine in the Santa Cruz province, where the governor also wants to tap the industry to plug a budget gap. (earlier)