Pan American Silver has entered into a definitive agreement to acquire all of the issued and outstanding common shares of fellow Canadian miner MAG Silver for $2.1 billion. MAG is a tier-one primary silver mining company through its 44% joint venture interest in the Juanicipio mine in Zacatecas, Mexico, operated by Fresnillo, who holds the remaining 56% interest. “Our acquisition…
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First concentrate shipment at Juanicipio
Canadian miner MAG Silver confirmed the shipment of first commercial concentrates from its high-grade Juanicipio mine in Municipio Fresnillo, Zacatecas, Mexico. The mine’s operator, Fresnillo, which holds 56% of the operation, said the milestone comes after regular shipments began last month for both lead and zinc. Construction activities at the mine are now substantially complete at the mine, along with…
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