Pan American Silver Receives Investment Canada Regulatory Approval for the Sale of La Arena
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Pan American Silver Corp. has received regulatory approval from the Government of Canada for the sale of its La Arena gold mine and La Arena II project in Peru to Jinteng (Singapore) Mining Pte. Ltd., a subsidiary of Zijin Mining Group.
November 05, 2024 | 11:30 pm
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Pan American Silver Corp. has received Canadian regulatory approval for the sale of its La Arena mine to Zijin Mining, which could positively impact its stock by streamlining its asset portfolio.
The approval for the sale of La Arena allows Pan American Silver to streamline its operations and focus on core assets, which is generally viewed positively by investors. This could lead to a short-term increase in stock price.
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