Pan American Silver Announces Agreement to Acquire MAG Silver Corp.
May 11, 2025
Pan American Silver (May 12, 2025) agreed to acquire MAG Silver for ~$2.1B via plan of arrangement: $500M cash + ~60M shares (0.755 PAAS per MAG share, prorated). Adds 44% stake in high-grade Juanicipio mine (Mexico), boosting silver reserves/resources and cash flow. Deal completed Sep 4, 2025; MAG delisted.
