Date closed: 2/10/2017
Value: US$25 million
On February 10, 2017, Pan American Silver Corp. (Pan American) acquired 100% of Coeur Mining, Inc.'s (Coeur) Joaquin project, located in the Santa Cruz province of southern Argentina.
Under the terms of the agreement, consideration paid to Coeur included US$15 million in cash and US$10 million in Pan American stock. Coeur also retained a 2.0% net smelter returns royalty on the Joaquin project.