Pan American Silver completed the acquisition of MAG Silver for $2.1bn.

Pan American Silver, a producer of silver and gold in the Americas, completed the acquisition of MAG Silver, a growth-oriented Canadian mining and exploration company, for $2.1bn. "The Juanicipio Mine is a high-quality addition to our portfolio that will contribute meaningfully to our silver production, reserves and cash flow. We are pleased to welcome MAG shareholders to Pan American who now benefit from participation in a larger, diversified, and growth-oriented silver and gold producer. We also look forward to working collaboratively with Fresnillo, the mine's operator, to advance the potential of the Juanicipio asset for the benefit of all stakeholders," Michael Steinmann, Pan American President and CEO.