Pan American Silver Announces Agreement to Acquire MAG Silver Corp.
- In May 2025, Pan American Silver Corp. Agreed to purchase MAG Silver Corp. In a transaction valued at $2.1 billion, involving a combination of cash and stock payments.
- The acquisition builds on MAG's 44% stake in the Juanicipio project, a silver operation managed by Fresnillo plc, which sparked Pan American's strategic interest.
- MAG shareholders may opt for $20.54 cash per share, 0.755 Pan American shares, or a mix, with cash limited to $500 million and subject to proration.
- MAG CEO George Paspalas described the deal as an attractive option for shareholders, delivering instant value and significant access to Pan American’s exceptional assets and growth potential.
- The transaction, anticipated to finalize in late 2025 pending regulatory and shareholder approvals, will result in MAG shareholders owning about 14% of Pan American’s total shares when accounting for all outstanding securities.
35 Articles
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Pan American Silver buying MAG Silver for US$2.1B in stock and cash
VANCOUVER — Pan American Silver Corp. has signed a deal to acquire MAG Silver Corp. in a stock-and-cash offer valued at US$2.1 billion. MAG holds a 44 per cent joint venture interest in the Juanicipio mine, operated by Fresnillo plc, which holds the remaining stake. MAG chief executive George Paspalas says the deal represents a […]
Pan American Silver shareholders give cool reception to proposed $2.1-billion acquisition of MAG Silver – by Niall McGee (Globe and Mail – May 13, 2025)
https://www.theglobeandmail.com/ Pan American Silver Corp. has reached a friendly arrangement to buy its Canadian competitor MAG Silver Corp. in a US$2.1-billion stock-and-cash deal that has not gone down well with shareholders. Vancouver-based MAG’s sole producing asset is its 44-per-cent share in the Juanicipio silver mine, which is located in Mexico, and majority-owned and operated by ...
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