2023-03-31 15:13:39 ET
Pan American Silver ( NASDAQ: PAAS ) said Friday it has completed the acquisition of Yamana Gold ( AUY ) following the sale by Yamana of its Canadian assets including interests in the Canadian Malartic mine to Agnico Eagle Mines ( NYSE: AEM ).
The deal adds four producing mines to Pan American's ( PAAS ) portfolio - the Jacobina mining complex in Brazil, the El Peñón and Minera Florida mines in Chile, and the Cerro Moro mine in Argentina - as well as the MARA development project in Argentina.
Existing Pan American ( PAAS ) shareholders will own ~58% of and former Yamana ( AUY ) shareholders will own ~42% of the combined company.
For Agnico Eagle ( AEM ), the deal brings 100% of the Canadian Malartic mine, 100% of the Wasamac project in Quebec and several other exploration properties located in Ontario and Manitoba.
Investors need to show patience with Pan American Silver as it adds Yamana "but it will come," Fun Trading writes in an analysis published recently on Seeking Alpha .
For further details see:
Pan American Silver's Yamana takeover clears final hurdle
