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Pan American Silver Completes La Arena Sale
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Pan American Silver Completes La Arena Sale

Story Highlights
  • Pan American Silver sold its interest in La Arena to Zijin Mining for $245 million.
  • The deal includes a royalty and contingent payment, showcasing strategic financial moves.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Pan American Silver (TSE:PAAS) has released an update.

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Pan American Silver has successfully sold its 100% interest in La Arena S.A., which includes a gold mine and a project in Peru, to Zijin Mining Group for $245 million. The deal includes a future royalty and contingent payment, highlighting Pan American’s strategic financial maneuvers. This move aligns with the company’s operational excellence and commitment to sustainability in the Americas.

For further insights into TSE:PAAS stock, check out TipRanks’ Stock Analysis page.

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