Pan American Silver Completes the Sale of La Arena
Portfolio Pulse from
Pan American Silver Corp. has completed the sale of its 100% interest in La Arena S.A., which includes the La Arena gold mine and La Arena II project in Peru, to Zijin Mining Group for $245 million.
December 03, 2024 | 10:15 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pan American Silver Corp. has completed the sale of its La Arena assets in Peru to Zijin Mining for $245 million, potentially impacting its asset portfolio and cash reserves.
The sale of La Arena for $245 million will likely increase Pan American Silver's cash reserves, which could be used for other investments or to strengthen its balance sheet. This divestment may also streamline its asset portfolio, focusing on core operations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100