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Tahoe Transaction

Creating the World's Premier Silver Mining Company

On November 14, 2018, Pan American Silver and Tahoe Resources Inc. announced that they had entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement.

Pan American Silver views the acquisition of Tahoe as a logical and consistent step in advancing our vision to be the largest, low-cost primary producer of silver in the world. The transaction would result in the following benefits for Pan American Silver shareholders:

  • World class primary silver asset portfolio with the largest silver reserve base
  • An industry leader in high margin/low cost production
  • Robust growth profile
  • Strong financial position
  • Largest publicly-traded silver mining company by free float

Archived Tahoe Disclosure

Regulatory Filings for Tahoe Resources are available at:
https://www.sedar.com/
https://www.sec.gov/

Contingent Value Right (CVR) Fair Market Value

Under the plan of arrangement (the “Arrangement”) among Pan American Silver Corp. (“Pan American”), Tahoe Resources Inc. (“Tahoe”) and 0799714 B.C. Ltd. that was effective at 12:01 a.m. (Pacific Time) on February 22, 2019 (the “Effective Time”), shareholders of Tahoe were entitled to receive, among other consideration, one contingent value right (“CVR”) for each common share of Tahoe held immediately prior to the Effective Time.

Pan American estimates the fair market value of each CVR was CAD$0.28 at the Effective Time. This estimate of fair market value is not binding upon third parties, including tax authorities.

Escuche del Presidente Ejecutivo de Pan American Silver sobre la adquisición

 

Hear about the acquisition from Pan American's CEO