06:35 AM EDT, 07/11/2025 (MT Newswires) -- MAG Silver ( MAG ) late on Thursday said its shareholders have approved the proposed acquisition of MAG by Pan American Silver ( PAAS ) .

The deal was approved at a special meeting of MAG shareholders on Thursday by 99.5% of the votes cast by shareholders comprising 59% of the total issued and outstanding shares.

At deal closing, each MAG shareholder will receive US$20.54 in cash for each share held or US$0.0001 in cash and 0.755 of a Pan American share for each share held.

With the shareholder approval, MAG will now seek a final order from the Supreme Court of British Columbia at a hearing scheduled for July 14. The deal has received Canadian competition authorization and TSX and NYSE approvals.

If all closing conditions are satisfied or waived, the deal is expected to close in the second half of 2025. Following deal completion, MAG shares will be delisted from the TSX and NYSE American.