MAG News & Events

Pan American Silver (PAAS) and MAG Silver (MAG) are pleased to announce that Pan American has completed its previously announced acquisition of all of the issued and outstanding common shares of MAG pursuant to a plan of arrangement. The MAG Shares are expected to be delisted from the Toronto Stock Exchange as of the closing of the market September 8, 2025, and to cease trading on the NYSE American as of the opening of the market on September 4, 2025. Pan American is in the process of applying for MAG to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate MAG's public reporting requirements.

Pan American Silver (PAAS) and MAG Silver (MAG) announced that the Mexican Federal Economic Competition Commission, or COFECE, has approved the previously announced acquisition of all of the issued and outstanding common shares of MAG by Pan American. All required regulatory, shareholder and court approvals, including the final court order, have now been received and the Arrangement is anticipated to be completed on or about September 4. Registered holders of MAG Shares must indicate their election on August 27 to receive either: $20.54 in cash for each MAG Share held; or the default election of $0.0001 in cash and 0.755 of a common share of Pan American for each MAG Share held, in each case subject to proration in connection with the Arrangement such that the aggregate consideration paid to all MAG shareholders consists of $500M in cash and the remaining consideration paid in Pan American shares.