NYSE-listed Pan American Silver said on Thursday it had completed its acquisition of MAG Silver, adding a 44% stake in the Juanicipio silver mine in Mexico to its portfolio along with two exploration projects in North America.
Under the transaction, MAG shareholders received $500-million in cash and about 60.2-million Pan American shares. Following completion, they hold roughly 14.3% of Pan American’s outstanding shares on a fully diluted basis.