Pan American Silver Early Warning News Release Regarding Shares of Anacortes Mining Corp.

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (" Pan American ") and its wholly-owned subsidiary, Pan American Silver (Barbados) Corp. (" PASB "), have sold an aggregate of 4,200,000 common shares of Anacortes Mining Corp. (TSXV: XYZ) (" Anacortes ") on May 17, 2023, pursuant to a private agreement (the " Sale "). Pursuant to the Sale, Pan American received C$0.41 per common share of Anacortes, for aggregate gross proceeds of C$1,722,000. Pan American now owns, directly and indirectly, less than 10% of the issued and outstanding common shares of Anacortes.

Prior to the Sale, Pan American held directly or indirectly, or exercised control or direction over, 4,700,458 common shares of Anacortes, representing approximately 11.04% of the total issued and outstanding common shares of Anacortes. Following the completion of the Sale, Pan American owns, directly or indirectly, or exercises control or direction over 500,458 common shares of Anacortes, representing approximately 1.18% of the total issued and outstanding Anacortes common shares.

Pan American completed the Sale as a result of investment considerations. Pan American may from time to time and at any time, acquire or dispose of securities of Anacortes in the open market or otherwise, depending on market conditions, the business and prospects of Anacortes and other relevant factors.

The head office of Anacortes is as follows: 1090 - 510 Burrard Street, Vancouver, BC V6C 3B9. This news release is issued under the early warning provisions of applicable Canadian securities legislation. A copy of the early warning report filed by Pan American with applicable securities commissions in connection with this disposition will be available for viewing under Anacortes' profile on SEDAR at www.sedar.com .

About Pan American Silver

Pan American is a leading producer of precious metals in the Americas, operating silver and gold mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil. We also own the Escobal mine in Guatemala that is currently not operating. We have been operating in the Americas for nearly three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "PAAS".

Learn more at panamericansilver.com.

Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: ir@panamericansilver.com

News Provided by Business Wire via QuoteMedia

PAAS:CA,PAAS
The Conversation (0)
OTC:NUMPF

New Pacific Metals: A New Frontier of Silver Exploration

New Pacific Metals (TSX:NUAG,OTCQX:NUMPF) has launched its campaign on the Investing News Network’s resource channel.

New Pacific Metals is an exploration and development company targeting projects in Bolivia. The company’s largest shareholders are Silvercorp Metals Inc. (TSX:SVM), the largest primary silver producer in China, and Pan American Silver Corp. (TSX:PAAS), one of the world’s largest primary silver producers. Both Silvercorp and Pan American Silver hold additional Bolivian assets.

Keep reading...Show less
Company News

Brixton Metals: Developers of Four Wholly-Owned High-Potential Exploration Projects

Brixton Metals Corporation (TSXV:BBB) has launched its campaign on the Investing News Network’s resource channel.

Brixton Metals Corporation is a precious metals exploration and development company that now wholly-owns four goldsilvercopper assets in mining-friendly jurisdictions across North America. The company is working to advance the Atlin and Thorn projects in British Columbia, the Langis-Hudson Bay projects in Ontario and the Hog Heaven project in Montana.

Keep reading...Show less
TSXV:MTH

Mammoth Resources: Defining Precious Metal Resources in Mexico

Mammoth Resources (TSXV:MTH) has launched its campaign on the Investing News Network’s Resource channel.

Mammoth Resources is a precious metals exploration company developing the Tenoriba gold-silver exploration project in Mexico’s prolific Sierra Madre belt. The Sierra Madre region has historically produced 80 million ounces of gold equivalent and is home to 40 million ounces of recent gold equivalent discoveries led by such well known companies as Pan American Silver Corp. (TSX:PAAS), Agnico Eagle Mines Ltd. (TSX:AEM) and Goldcorp Inc. (TSX:G) (currently being acquired by Newmont Mining (NYSE:NEM), among others.

Keep reading...Show less

Fortuna files Form 40-F, Annual Report

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports that the Company has filed today its fiscal 2023 annual report on Form 40-F with the U.S. Securities and Exchange Commission (" SEC ").

The Form 40-F, which includes the Company's fiscal 2023 annual audited financial statements, management's discussion and analysis, and annual information form, is available on the Company's website and on the SEC´s website .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

MAG Silver Announces Robust Updated Technical Report for Juanicipio

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG", or the "Company") is pleased to announce it has filed on SEDAR, the Juanicipio Mineral Resource and Mineral Reserves NI 43-101 Technical Report (the " 2024 Technical Report " or the " Report ") for the Juanicipio Mine (44% MAG, 56% Fresnillo plc, the mine operator) located in the state of Zacatecas, Mexico. The Report was prepared in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 "). The Report was prepared by AMC Mining Consultants (Canada) Ltd. (" AMC ") of Vancouver, with assistance from Knight Piésold and Co. (" KP "), both independent consultants, on behalf of MAG. This Report provides an update to the "MAG Silver Juanicipio NI 43-101 Technical Report, Amended and Restated, Zacatecas State, Mexico" 2017 Technical Report by AMC. Mineral Resource and Mineral Reserve estimates are current as of May 31, 2023. The Report has an effective date of March 4, 2024.The monetary values shown in the Report are in US dollars ($) and on a 100% basis unless stated otherwise.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

First Majestic Announces Commencement of Bullion Sales from First Mint

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the completed commissioning and commencement of bullion sales from its 100% owned and operated minting facility, First Mint, LLC ("First Mint"). Located in the State of Nevada, United States, First Mint vertically integrates a manufacturing plant for investment-grade fine silver bullion into the First Majestic portfolio.

In line with First Majestic's commitment to environmental and community stewardship, First Mint operates state-of-the-art machines that require less electricity and do not release gas emissions compared to traditional minting processes. The eco-friendly and high efficiency production line allows the mint to produce over 10% of the Company's current silver production coming from the Mexican operations. Plans are currently underway to expand the operation by adding additional equipment and personnel as required.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Silvercorp Offer for OreCorp Lapsed

Trading Symbol:
TSX: SVM
NYSE AMERICAN: SVM

Silvercorp Metals Inc. (" Silvercorp " or the " Company ") (TSX: SVM) (NYSE American: SVM) announced today that, further to its off-market takeover bid (the " Offer ") for all of the ordinary shares in OreCorp Limited (" OreCorp ") (ASX:ORR), Silvercorp did not satisfy the 50.1% minimum acceptance condition prior to the close of the Offer on March 22, 2024 and elected not to exercise its "right to match" a competing offer for OreCorp. Silvercorp will remain entitled to payment of a break fee of approximately AUD$2.8 million in certain circumstances, as set out in the BID.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

MAG Silver Provides Notice of Updated Juanicipio Technical Report

MAG Silver Corp. (TSX NYSE American: MAG) (" MAG ", or the "Company ") announces that it will release results from its updated Juanicipio Technical Report (the " Report ") on Wednesday, March 27, 2024. A conference call will be held to discuss the results of the Report on Wednesday, March 27, 2024 at 8:15 a.m. Eastern Time.

Conference call dial-in numbers:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Fortuna to present at the Gold Forum Europe 2024 in Zürich, Switzerland

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it will be attending Gold Forum Europe 2024 which is being held at the Park Hyatt in Zürich, Switzerland, from April 8 to 10, 2024.

Jorge A. Ganoza, President, Chief Executive Officer, and co-founder of Fortuna, will be presenting on Tuesday, April 9 at 2:30 p.m. Central European Time in Ballroom 3.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×