Pan American Silver Announces the Sale of La Arena for US$245 Million Cash Upfront and US$50 Million Contingent Payment [Yahoo! Finance]
Pan American Silver Corp. (PAAS)
Last pan american silver corp. earnings: 2/19 07:59 pm
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Source: Yahoo! Finance
VANCOUVER, British Columbia, May 01, 2024 BUSINESS WIRE Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (" Pan American ") announces that it has agreed to sell its 100% interest in La Arena S.A. ("La Arena"), which owns the La Arena gold mine as well as the La Arena II project in Peru, to Jinteng (Singapore) Mining Pte. Ltd., a subsidiary of Zijin Mining Group Co., Ltd. (collectively, "Zijin") for US$245 million cash upfront and a US$50 million contingent payment. "With the sale of La Arena, we continue to deliver on our strategy to optimize our portfolio, following the Yamana transaction, while maintaining future upside through the retention of royalties," said Michael Steinmann, President and Chief Executive Officer of Pan American. "Proceeds from the transaction will further strengthen our financial position and allow us to deliver on our capital allocation priorities of investing in high-quality assets, debt reduction and returning capital to our shareholders." Under the t
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PAAS
News
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- Pan American Silver Corp. (NASDAQ:PAAS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pan American Silver First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Vincent Chen Joins Lancaster Resources Board of Directors, Bolstering Expertise in Corporate Development [Yahoo! Finance]Yahoo! Finance
PAAS
Earnings
- 5/8/24 - Beat
PAAS
Sec Filings
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- 5/1/24 - Form 6-K
- PAAS's page on the SEC website