Wedoany.com Report-Aug. 27, On August 26, the Mexican Federal Economic Competition Commission (COFECE) granted approval for Pan American Silver’s acquisition of all issued and outstanding common shares of MAG Silver. This final regulatory clearance paves the way for the transaction, valued at approximately $2.1 billion (C$2.91 billion), to conclude around September 4, 2025, following a definitive agreement signed in May.

The transaction has now secured all necessary regulatory, shareholder and court approvals including the final court order.

The acquisition has received all necessary regulatory, shareholder, and court approvals, including a final court order. Registered MAG Silver shareholders have until 2:00 p.m. Vancouver time on August 27, 2025, to choose between receiving $20.54 in cash per share or a default option of $0.0001 in cash plus 0.755 Pan American common shares per MAG share. The total cash consideration for MAG shareholders is capped at $500 million, with the remainder provided in Pan American shares. The offer reflects a 21–27% premium over MAG Silver’s closing and 20-day volume-weighted average price as of May 9, 2025.

Michael Steinmann, President and CEO of Pan American Silver, stated: “This acquisition strengthens our portfolio and supports our commitment to delivering value to shareholders through strategic growth in high-quality silver assets.”

The transaction enhances Pan American Silver’s position in the precious metals market, integrating MAG Silver’s assets to bolster its production capabilities. The deal aligns with the company’s strategy to expand its footprint in key mining regions while maintaining financial discipline.

In a related development, Unico Silver signed a definitive agreement in August of the previous year, through a binding letter of intent, to acquire full control of Pan American’s Joaquin and Cerro Puntudo projects in Argentina. The Joaquin Silver District, spanning over 35,000 hectares across 16 mining claims, is located 60 kilometers west of Cerro Leon and is accessible via public Routes 12 and 75. This transaction supports Pan American’s efforts to optimize its portfolio by divesting non-core assets.

George Paspalas, President and CEO of MAG Silver, stated: “This transaction with Pan American Silver provides our shareholders with an attractive premium and the opportunity to benefit from the combined strengths of both companies.”

The acquisition and related agreements demonstrate Pan American Silver’s focus on expanding its operations while fostering sustainable growth in the global mining sector. By securing MAG Silver’s assets and transferring select projects to Unico Silver, the company is strategically positioning itself to meet market demands and enhance shareholder value.