Pan American Silver to Acquire MAG Silver for $2.1 Billion, Adding Juanicipio Mine and Boosting Output

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Published May 12, 2025, 11:49 AM

Pan American Silver Corp., a Canadian mining company, has announced an agreement to acquire MAG Silver Corp. in a transaction valued at approximately $2.1 billion. The deal, which is expected to close in the second half of 2025 pending regulatory approvals, will be executed through a cash-and-stock arrangement. This acquisition will provide Pan American Silver access to the Juanicipio mine in Mexico, potentially doubling its reserves and increasing its annual silver output by an estimated 6.5 to 7.3 million ounces. The transaction positions Pan American Silver to strengthen its production capabilities and resource base in the silver mining sector.

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