Canadian miner Pan American Silver to acquire MAG Silver at valuation of about $2.1 billion
The deal will give Pan American Silver access to a 44% interest that MAG has in the tier-one Juanicipio silver mine in Mexico, which is operated by Fresnillo, which owns the remaining 56%. The deal, unanimously approved by the boards of directors of both Pan American and MAG, is expected to close in the second half of 2025, the companies said in a statement. As of the market close on Friday, Pan American Silver, a leading silver and gold mining company has a market capitalization of about $9.9 billion, while MAG Silver has a market capitalization of $1.7 billion, as per LSEG data.