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Pan American sells La Arena for $295M to Zijin

Pan American retains a 1.5% gold net smelter return royalty for the La Arena II project

Isabeau van Halm
Zijin acquired the La Arena II project as part of the deal for Pan American's La Arena. Credit: Pan American Silver

Zijin acquired the La Arena II project as part of the deal for Pan American's La Arena. Credit: Pan American Silver | Credits: Pan American Silver

Pan American Silver agreed to sell its subsidiary La Arena, which owns the La Arena gold mine and La Arena II project in Peru, to a subsidiary of Zijin Mining Group for US$245 million cash up front and...

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