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Pan American Silver Announces Agreement to Acquire MAG Silver Corp.
Adds Strategic Interest in Tier-One Juanicipio Silver Mine and Significantly Strengthens its Silv...
About this update from Pan American Silver Corp.
[{"type":"text","content":"Pan American Silver Announces Agreement to Acquire MAG Silver Corp.\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth13 { width: 13% }\n.bwwidth2 { width: 2% }\n.bwwidth98 { width: 98% }\n \n\n\n\n\n Adds Strategic Interest in Tier-One Juanicipio Silver Mine and Significantly Strengthens its Silver Portfolio\n \n\n\n All amounts expressed in U.S. dollars unless otherwise indicated.\n \n\n\n\n\n Pan American Silver Corp.\n \n (NYSE: PAAS) (TSX: PAAS) (\"\n \n Pan American\n \n \") and MAG Silver Corp. (NYSEAM:MAG) (TSX:MAG) (\"\n \n MAG\n \n \") are pleased to announce that they have entered into a definitive agreement whereby Pan American will acquire all of the issued and outstanding common shares of MAG pursuant to a plan of arrangement (the \"\n \n Transaction\n \n \"). MAG is a tier-one primary silver mining company through its 44% joint venture interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo plc (\"\n \n Fresnillo\n \n \"), who holds the remaining 56% interest in the Juanicipio joint venture.\n \n\n Under the terms of the Transaction, MAG shareholders will receive total consideration of approximately $2.1 billion representing $20.54 per MAG share, based on the closing price of Pan American’s common shares on the New York Stock Exchange (\"\n \n NYSE\n \n \") on May 9, 2025. Consideration will be comprised of a mix of cash totaling $500 million and 0.755 Pan American shares per MAG share, subject to proration as detailed below. The consideration represents premiums of approximately 21% an...