M&A Deal Summary

Pan American Silver Acquires Tahoe Resources

On February 22, 2019, Pan American Silver acquired metals/mining company Tahoe Resources for 275M USD

Acquisition Highlights
  • This is Pan American Silver’s 2nd transaction in the Metals/Mining sector.
  • This is Pan American Silver’s largest (disclosed) transaction.
  • This is Pan American Silver’s 1st transaction in the United States.
  • This is Pan American Silver’s 1st transaction in Nevada.

M&A Deal Summary

Date 2019-02-22
Target Tahoe Resources
Sector Metals/Mining
Buyer(s) Pan American Silver
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

Tahoe Resources

Reno, Nevada, United States
Tahoe Resources, Inc. is an operator of precious metals mines, to pay significant shareholder dividends and to grow by developing long-term, low-cost assets in the Americas. Tahoe Resources is based in Reno, Nevada.

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Buyer(S) 1

Buyer

Pan American Silver

Vancouver, British Columbia, Canada

Category Company
Founded 1979
Sector Metals/Mining
Employees6,200
Revenue 2.3B USD (2023)
DESCRIPTION

Pan American Silver is a provider of primary silver producers in the world. Pan American owns and operates seven mines located in Mexico, Peru, Argentina and Bolivia. Pan American Silver was founded in 1979 and is based in Vancouver, Canada.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Coeur Mining - Joaquin Project

Argentina

Coeur Mining, Inc. - Joaquin Project is well-suited for our Manantial Espejo operation in Santa Cruz. The project is located approximately 145 kilometres from our mine, well within trucking distance, and our plant will have available capacity when open-pit mining is completed, which is expected to be in early 2017.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 La Arena

Lima, Peru

La Arena owns the La Arena gold mine as well as the La Arena II project in Peru.

Sell $245M