06:19 AM EDT, 08/12/2025 (MT Newswires) -- Mineros ( MNSAF ) overnight Monday said it will acquire from Pan American Silver ( PAAS ) the 80% of the La Pepa Project it doesn't already own for US$40 million.

A statement noted that the purchase is structured as a transaction between subsidiaries of Mineros ( MNSAF ) and Pan American for the purchase and sale of all shares of Minera Cavancha SpA not currently owned by Mineros ( MNSAF ). Minera Cavancha currently holds the La Pepa Project pursuant to a joint venture between Mineros ( MNSAF ) and Pan American. In connection with the La Pepa Project Purchase, that joint venture will be terminated.

The La Pepa Project Purchase is expected to close on or before September 30, 2025, the statement said.

Tuesday's statement cited estimated Mineral Resources at the La Pepa Project, effective October 31, 2021: Measured Mineral Resources of 58,816 thousand tonnes (kt) averaging 0.61 g/t Au, containing 1,150 thousand ounces (koz) Au; and Indicated Mineral Resources: 65,405 kt averaging 0.49 g/t, containing 1,039 koz Au; and Inferred Mineral Resources: 25,024 kt averaging 0.46 g/t, containing 366 koz Au.

"While we remain focused on acquiring producing gold assets or late-stage development assets, we are expanding our strategy to include acquiring earlier-stage projects to enable Mineros ( MNSAF ) to develop a pipeline of growth projects as we mature as a mid-tier gold producer," said David Londono, president and CEO of Mineros ( MNSAF ). "Additionally, the acquisition of La Pepa Project exposes us to Chile, an additional jurisdiction with a long and well-established mining history."

MSA climbed 1.5% to near 52-week highs on the TSX on Monday.