Pan American Silver to acquire MAG Silver for $2.1bn.

Pan American Silver, a producer of silver and gold in the Americas, agreed to acquire MAG Silver, a growth-oriented Canadian mining and exploration company, for $2.1bn. "Our acquisition of MAG brings into Pan American’s portfolio one of the best silver mines in the world. Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American’s exposure to high margin silver ounces," Michael Steinmann, Pan American Silver President and CEO.