About
Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
On November 8, 2022, Pan American Silver Corp. (“Pan American”) and Agnico Eagle Mines Limited (“Agnico Eagle”) entered into an arrangement agreement with Yamana Gold Inc. (“Yamana”) (the “Agreement”).
Under the Agreement, Pan American will acquire all of the issued and outstanding common shares of Yamana and Yamana will sell certain subsidiaries and partnerships which hold Yamana’s interests in its Canadian assets to Agnico Eagle, including the Canadian Malartic mine. The transaction will be implemented by way of a plan of arrangement under the Canada Business Corporations Act. Pan American will retain all of Yamana’s mines and properties in Latin America as well as any remaining assets and liabilities (including cash and debt). Completion of the arrangement remains subject to the receipt of all necessary regulatory, court and shareholder approvals in connection with the transaction.
The transaction creates value and delivers multiple benefits for Pan American’s stakeholders:
For more information about Yamana Gold, please visit their website.
[1] Based on Yamana’s average daily trading value over the last 12 months (attributable to Pan American based on the percentage of aggregate Consideration funded by Pan American) divided by Pan American’s average daily trading value over the last 12 months.
[2] Based on pro forma shares outstanding of 364 million multiplied by the November 3, 2022 closing price of the Pan American Shares of $15.25.
[3] Based on Yamana’s 2022 guidance, as per its news release dated Feb. 17, 2022. GEO is calculated as the sum of gold ounces and the gold equivalent of silver ounces using a ratio of 72.55 for the year ended December 31, 2021. AISC per GEO sold is a non-GAAP financial measure. Please see the section entitled “Non-GAAP and IFRS Measures” of the Management Information Circular (available soon).
[4] Pan American Silver’s anticipated synergies are expected to be post-tax savings given geographic breakdown of taxable income.
[5] Please see the Unaudited Pro Forma Consolidated Financial Statements in Schedule C of the Management Information Circular (available soon).
January 31, 2023
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) is pleased to announce that at its special meeting of shareholders held earlier today, shareholders of Pan…
January 13, 2023
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) is pleased to report that, in respect of the upcoming special meeting (the “Meeting”) of shareholders of Pan…
December 28, 2022
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”) today announces it has filed the management information circular (the “Circular”) in respect of the special meeting (the “Meeting”
November 21, 2022
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”) announces that it has filed the required notice setting the record and meeting dates in respect of the special meeting of…
November 8, 2022
Pan American Silver Corp. (TSX: PAAS) (Nasdaq: PAAS) (“Pan American”) and Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (“Agnico Eagle”) are pleased to announce that the arrangement agreement…
November 8, 2022
Pan American Silver Corp. (TSX: PAAS) (Nasdaq: PAAS) (“Pan American”) and Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (“Agnico Eagle”) are pleased to announce that Yamana Gold Inc….
November 4, 2022
Puts assets in the hands of proven leaders with a track record of building value for stakeholders Transaction would create the leading precious metals producer in Latin America Consolidates 100%…
Read More about PAN AMERICAN AND AGNICO EAGLE DELIVER DEFINITIVE BINDING OFFER TO ACQUIRE YAMANA
This web page contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Please refer to the “Cautionary Statement Regarding Forward-Looking Statements” in the news releases and the “Cautionary Note” in the Investor Presentation for further information.