Zijin unit to buy Pan American's La Arena project in Peru for $295m [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
This includes a $245m cash consideration, which will be paid upfront, a $50m contingent payment and a net smelter return (NSR) royalty. Located in the La Libertad province, the La Arena mine and the La Arena II project have been under Pan American's ownership since 2019. The company has significantly increased the mine's gold reserves and extended its operational life. At the transaction's closing, Zijin will pay $245m in cash and provide Pan American with a 1.5% NSR royalty on the La Arena II project's gold production. An additional $50m contingent payment will be made upon the commencement of commercial production at La Arena II. The deal is expected to be finalised in the third quarter of 2024, pending regulatory approvals and the fulfilment of customary conditions. Pan American noted that successful exploration has added more than 500,000oz of gold and extended the mine's life by five years, with potential for further extensions. Pan American Silver president and CE
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PAAS
News
- Pan American Silver Corp. (TSE:PAAS) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates [Yahoo! Finance]Yahoo! Finance
- Pan American Silver Corp. (NYSE: PAAS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- 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