Pan American Silver Completes $245 Million Sale of La Arena to Zijin Mining Group Unit
Pan American Silver Completes Sale of La Arena to Zijin Mining Subsidiary
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Zijin Mining Group (02899.HK) spent $0.245 billion to acquire the Pan American Silver La Arena gold mine project in Peru.
Grain Alliance reported on November 7th that zijin mining group (02899.HK) announced that its overseas wholly-owned subsidiary, Jin Jiang (Singapore) Mining Co., Ltd. (hereinafter referred to as "Jinjiang Mining"), is planning to acquire 100% equity of Pan American Silver Corp.'s ("pan american silver corp.") Peruvian La Arena gold mine and Phase II project (hereinafter referred to as "La Arena Project") in exchange for 0.245 billion US dollars, 50 million US dollars in contingent payments after commercial production of the Phase II project, and 1.5% of gold net smelting revenue. Pan American Silver.
Pan American Silver (PAAS) Q3 2024 Earnings Call Transcript