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Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
Pan American Silver Completes Acquisition of Yamana Gold
On March 31, 2023, Pan American Silver completed its previously announced acquisition of all of the issued and outstanding common shares of Yamana Gold Inc. following the sale by Yamana Gold of its Canadian assets to Agnico Eagle Mines Limited, including the Canadian Malartic mine. Pan American retains all Yamana Gold’s mines and properties in Latin America.
A Transformational and Strategic Transaction
- Adds 4 producing mines to Pan American Silver’s portfolio: the Jacobina mining complex in Brazil, the El Peñón and Minera Florida mines in Chile, and the Cerro Moro mine in Argentina. It also adds the MARA development project in Argentina.
- Broadens and diversifies Pan American’s Latin American exposure with the addition of two new jurisdictions (Brazil and Chile).
- Meaningful increase expected to silver and gold production and improved operating margins.
- Potential synergies estimated to be US$40 million to US$60 million per year(1).
[1] expected to be post-tax savings given geographic breakdown of taxable income.
Hear more from Pan American Silver’s President and CEO, Michael Steinmann, on what the Yamana transaction means for the company.
The prior disclosure documents of Yamana Gold Inc. up to March 31, 2023, including news releases, are available on Yamana Gold Inc.’s SEDAR profile at www.sedar.com.
News releases
March 31, 2023
Pan American Silver Completes Acquisition of Yamana Gold
VANCOUVER, British Columbia–(BUSINESS WIRE)– Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company“) and Yamana Gold Inc. (TSX: YRI; NYSE: AUY; LSE: AUY) (“Yamana“) are pleased to announce that Pan American has completed its previously announced acquisition of all of the issued and outstanding common shares of Yamana (“Yamana Shares“), following […]
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March 24, 2023
Mexican Federal Economic Competition Commission Approves Pan American Silver’s Arrangement with Yamana and Agnico Eagle
Pan American Declares Dividend with Respect to the First Quarter of 2023 Vancouver, B.C. – March 24 , 2023 – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American“) and Yamana Gold Inc. (TSX: YRI; NYSE: AUY; LSE: AUY) (“Yamana“) are pleased to provide an update on the status of Pan American’s proposed acquisition […]
January 31, 2023
Pan American Receives Shareholder Approval Regarding the Proposed Arrangement with Yamana and Agnico Eagle
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) is pleased to announce that at its special meeting of shareholders held earlier today, shareholders of Pan…
January 13, 2023
Leading Proxy Advisory Firms, ISS and Glass Lewis, Support the Proposed Arrangement with Yamana and Agnico Eagle
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) is pleased to report that, in respect of the upcoming special meeting (the “Meeting”) of shareholders of Pan…
December 28, 2022
Pan American Silver files Management Information Circular in connection with the proposed Arrangement with Yamana and Agnico
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”) today announces it has filed the management information circular (the “Circular”) in respect of the special meeting (the “Meeting”
November 21, 2022
Pan American Silver Provides Notice of Meeting and Record Date for the Special Meeting to Approve the Arrangement with Yamana and Agnico Eagle
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”) announces that it has filed the required notice setting the record and meeting dates in respect of the special meeting of…
November 8, 2022
Pan American and Agnico confirm termination of the Gold Fields transaction and announce activation of the arrangement agreement with Yamana
Pan American Silver Corp. (TSX: PAAS) (Nasdaq: PAAS) (“Pan American”) and Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (“Agnico Eagle”) are pleased to announce that the arrangement agreement…
November 8, 2022
YAMANA ENTERS INTO ARRANGEMENT AGREEMENT WITH PAN AMERICAN AND AGNICO EAGLE REGARDING THEIR BINDING OFFER AND RECOMMENDS AGAINST THE GOLD FIELDS TRANSACTION
Pan American Silver Corp. (TSX: PAAS) (Nasdaq: PAAS) (“Pan American”) and Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (“Agnico Eagle”) are pleased to announce that Yamana Gold Inc….
November 4, 2022
PAN AMERICAN AND AGNICO EAGLE DELIVER DEFINITIVE BINDING OFFER TO ACQUIRE YAMANA
Puts assets in the hands of proven leaders with a track record of building value for stakeholders Transaction would create the leading precious metals producer in Latin America Consolidates 100%…
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This web page contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Please refer to the “Cautionary Statement Regarding Forward-Looking Statements” in the news releases and the “Cautionary Note” in the Investor Presentation for further information.