Pan American Silver has announced new drill results for its La Colorada underground mine in Zacatecas, Mexico, including multiple high-grade veins that indicate the potential for expansion of silver mineral resources, extension of mine life, and improved economics. “Our exploration efforts have identified high-grade intercepts below and along the strike of the known La Colorada vein system, east of the…
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Pan American Silver to buy MAG Silver in $2.1 billion deal
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…
Read MorePan American idles La Colorada after robbery
Story updated on Oct. 12 with latest statement from Pan American – Ed. Pan American Silver said it has temporarily suspended all operations at its La Colorada underground mine in Zacatecas, Mexico, after an armed robbery on October 5.
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