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5/12/2025

Pan American Silver Acquires MAG Silver in $2.1B Deal to Solidify Position as Leading Silver Producer

Pan American Silver Corp. (NYSE: PAAS) has announced a definitive agreement to acquire all outstanding shares of MAG Silver Corp. (NYSEAM: MAG) in a deal valued at approximately $2.1 billion. This acquisition will grant Pan American a 44% stake in the Juanicipio mine in Mexico, a high-grade, low-cost silver operation managed by Fresnillo plc. The transaction includes $500 million in cash and 0.755 Pan American shares per MAG share, subject to proration.

3 min read