The Toronto-based miner reported that the updated resource estimate has resulted in the addition of approximately 38,000 gold ounces in the Inferred category.
Fiore Gold Mining News
The Pan Mine generated 8,695 ounces of gold during the second fiscal quarter.
The Vancouver-based company fell the most in nearly two years Wednesday.
Pan Mine's production in October totaled 425,634 tonnes of ore and 473,803 tonnes of waste.