MAG Silver to Be Acquired by Pan American Silver for $2.1 Billion

Paul, Weiss is advising MAG Silver Corp., a growth-oriented Canadian mining and exploration company, in its acquisition by Pan American Silver Corp., a leading producer of silver and gold in the Americas. Under the terms of the transaction, Pan American will acquire all issued and outstanding common shares of MAG under a plan of arrangement, and MAG shareholders will receive total consideration of approximately $2.1 billion, representing $20.54 per MAG share. The deal is expected to close in the second half of 2025, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partner Christopher Cummings; and includes, among others, tax partner Matthew Jordan and executive compensation partner Rebecca Coccaro.