Pan American Silver Announces Agreement to Acquire MAG Silver Corp.
May 11, 2025
Pan American Silver Corp. will acquire MAG Silver Corp. for $2.1 billion, offering $20.54 per MAG share in cash and stock. MAG shareholders gain a 21-27% premium and 14% ownership in Pan American. The deal includes MAG’s 44% stake in the high-grade Juanicipio mine, boosting Pan American’s silver production. The transaction, expected to close in late 2025, awaits shareholder and regulatory approvals.
