Pan American Silver Receives Investment Canada Regulatory Approval for the Sale of La Arena
Pan American Silver Corp. (PAAS)
Last pan american silver corp. earnings: 2/19 07:59 pm
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Source: Business Wire
VANCOUVER, British Columbia--(BUSINESS WIRE)--Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American") today announced that the sale of its 100% interest in La Arena S.A. ("La Arena"), which owns the La Arena gold mine as well as the La Arena II project in Peru, to Jinteng (Singapore) Mining Pte. Ltd., a subsidiary of Zijin Mining Group Co., Ltd. (collectively, "Zijin"), has received approval from the Government of Canada under the Investment Canada Act. The approval is subject to a joint undertaking from Pan American and Zijin to enter into an offtake agreement in respect of the La Arena II project, which will enable Pan American to secure 60% of the future copper concentrate supply from the La Arena II project on commercial terms for sale in North American markets, following the commencement of commercial production.The transaction now has all of the necessary regulatory approvals and is expected to close by the end of the fourth quarter of 2024. Under the terms of th
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News
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PAAS
Earnings
- 11/5/24 - Beat
PAAS
Sec Filings
- 11/14/24 - Form SC
- 11/6/24 - Form 6-K
- 11/6/24 - Form 6-K
- PAAS's page on the SEC website