The volume \( V \) of a pyramid can be calculated using the formula:
\[ V = \frac{1}{3} \times B \times h \]
where \( B \) is the area of the base and \( h \) is the height of the pyramid.
From the information given:
- The area of the base \( B = 60 \) square meters.
- The height \( h = 8 \) meters.
Now we can substitute these values into the volume formula:
\[ V = \frac{1}{3} \times 60 \text{ m}^2 \times 8 \text{ m} \]
Calculating this gives:
\[ V = \frac{1}{3} \times 60 \times 8 = \frac{480}{3} = 160 \text{ m}^3 \]
Thus, the volume of the pyramid is
\[ \boxed{160} \text{ cubic meters}. \]