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Mexico Approves $2.1 Billion Silver Mining Deal

By  |  August 25, 2025

Pan American Silver announced Monday that Mexico’s competition authority has approved its $2.1 billion purchase of MAG Silver, clearing the way for the transaction to move forward. According to a statement from both companies, the deal is expected to be finalized around September 4, 2025.

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    Per the statement, all required approvals—including shareholder, regulatory, and court authorizations—have now been secured. The agreement provides MAG shareholders with two options: either receive $20.54 in cash per share, or take $0.0001 in cash plus 0.755 of a Pan American share.

    The total value of the deal includes $500 million in cash, with the remaining balance settled in Pan American stock.

    Headquartered in Vancouver, Pan American operates mines across North and South America and holds ownership of the suspended Escobal mine in Guatemala. With the completion of this acquisition, the company will secure a 44 percent interest in the Juanicipio silver project located in Zacatecas, Mexico.

    The remaining 56 percent stake in the high-grade, low-cost mine belongs to Fresnillo, which also operates the site.

    Source: Mining Weekly