Jinteng completed the acquisition of La Arena from Pan American Silver for $245m.

Jinteng, a mining investment company, completed the acquisition of La Arena, a gold mine and resource project owner, from Pan American Silver, a producer of silver and gold in the Americas, for $245m. “With the sale of La Arena, we continue to deliver on our strategy to optimize our portfolio, following the Yamana transaction, while maintaining future upside through the retention of royalties. Proceeds from the transaction will further strengthen our financial position and allow us to deliver on our capital allocation priorities of investing in high-quality assets, debt reduction and returning capital to our shareholders,” Michael Steinmann, Pan American President and Chief Executive Officer.