Pan American Silver will acquire MAG Silver for $2.1 billion, strengthening silver portfolio

From GlobeNewswire: 2025-05-11 22:16:00

Pan American Silver Corp. and MAG Silver Corp. have agreed on a definitive agreement where Pan American will acquire all MAG shares for about $2.1 billion. MAG shareholders will receive $20.54 per share in cash and Pan American shares, representing premiums of 21% and 27%. The acquisition strengthens Pan American’s silver portfolio with the tier-one Juanicipio mine. The transaction is expected to close in the second half of 2025, pending shareholder and regulatory approvals. Both companies will host a joint conference call on May 12, 2025, to discuss the transaction in detail.



Read more at GlobeNewswire: Pan American Silver Announces Agreement to Acquire MAG