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The Mexican Federal Financial Competitors Fee (COFECE) has given its approval for Pan American Silver’s acquisition of all issued and excellent frequent shares of MAG Silver.
This marks the ultimate regulatory endorsement required to finish the association, which is scheduled to conclude round 4 September 2025.
Following a definitive settlement signed in Might, Pan American Silver is about to accumulate MAG Silver for a complete consideration of roughly $2.1bn (C$2.91bn).
The transaction has now secured all crucial regulatory, shareholder and courtroom approvals together with the ultimate courtroom order.
Registered holders of MAG Silver shares have till 2pm (Vancouver time) on 27 August 2025 to resolve whether or not to obtain both $20.54 in money per MAG share or the default election of $0.0001 in money and 0.755 of a Pan American frequent share per MAG share held.
The consideration is structured such that the mixture money paid to all MAG shareholders will quantity to $500m, with the remaining consideration supplied in Pan American shares.
The provide for MAG Silver’s shares represents a premium of 21–27% over the closing and 20-day volume-weighted common worth as of 9 Might 2025.
In a associated improvement, Unico Silver entered right into a definitive settlement in August final yr, by means of a binding letter of intent (LOI), to take over full management of Pan American’s Joaquin and Cerro Puntudo tasks in Argentina.
The acquisition of the Joaquin Silver District contains 16 mining claims spanning greater than 35,000 hectares and is located 60km to the west of Cerro Leon, with the world being readily accessible by means of public Routes 12 and 75.
“COFECE approves Pan American Silver’s acquisition of MAG Silver” was initially created and revealed by Mining Expertise, a GlobalData owned model.
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