Pan American Silver Completes Acquisition of MAG Silver

VANCOUVER, British Columbia, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Pan American Silver Corp. (NYSE:PAAS) (TSX:PAAS.TO) ("Pan American" or the "Company") and MAG Silver Corp. (NYSEAmerican:MAG) (TSX:MAG.TO) ("MAG") are pleased to announce that Pan American has completed its previously announced acquisition of all of the issued and outstanding common shares of MAG ("MAG Shares") pursuant to a plan of arrangement (the "Transaction"). The Transaction adds a 44% joint venture interest in the large-scale, high-grade Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo plc (the "Juanicipio Mine"), along with 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project. The Transaction further strengthens Pan American’s position as one of the world’s leading silver producers, enhances its industry-leading silver reserve base, and provides significant near-term cash flow growth and long-term exploration potential.