Pan American Silver Completes Acquisition of MAG Silver
September 4, 2025
Pan American Silver Corp. completed its previously announced plan of arrangement to acquire all outstanding shares of MAG Silver Corp. MAG shareholders received $500 million in cash plus approximately 60.2 million Pan American shares, leaving former MAG holders with about 14.3% of Pan American on a fully diluted basis. The deal adds Pan American’s 44% joint venture interest in the high-grade Juanicipio silver mine in Zacatecas, Mexico (operated by Fresnillo) and full interests in MAG’s Deer Trail and Larder exploration assets.
- Buyers
- Pan American Silver Corp.
- Targets
- MAG Silver Corp.
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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