07:31 AM EDT, 09/04/2025 (MT Newswires) -- Pan American Silver ( PAAS ) has completed its acquisition of all of the issued and outstanding shares of MAG Silver ( MAG ) for $500 million and around 60.2 million Pan American shares, the companies said Thursday.

The acquisition adds a 44% joint venture interest in the large-scale Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo, as well as 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project, the companies said.

MAG shares are expected to cease trading on the NYSE American at the market open on Thursday and to be delisted from the Toronto Stock Exchange on Monday, the companies said.