COFECE Approves Pan American Silver’s Acquisition of MAG Silver

MAG Silver ( (TSE:MAG) ) just unveiled an update.

The Mexican Federal Economic Competition Commission has approved Pan American Silver’s acquisition of MAG Silver, with the arrangement expected to be completed by September 4, 2025. The acquisition involves a mix of cash and Pan American shares, with MAG shareholders given an election deadline to choose their preferred form of compensation. This strategic move is set to enhance Pan American’s position in the silver mining industry, potentially benefiting stakeholders by expanding its operational footprint and resource base.

The most recent analyst rating on (TSE:MAG) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on MAG Silver stock, see the TSE:MAG Stock Forecast page.

Spark’s Take on TSE:MAG Stock

According to Spark, TipRanks’ AI Analyst, TSE:MAG is a Neutral.

MAG Silver’s overall score reflects a balance of strong corporate events and reasonable valuation against weak financial performance and mixed technical indicators. While the company’s stability and growth initiatives are promising, significant risks remain due to poor income generation and negative cash flows.

To see Spark’s full report on TSE:MAG stock, click here.

More about MAG Silver

MAG Silver is a Canadian mining and exploration company focused on advancing high-grade, district-scale precious metals projects in the Americas. It is a top-tier primary silver mining company with a significant joint venture interest in the Juanicipio Mine in Mexico. The company is also involved in exploration programs in Utah and Canada. Pan American Silver is a leading producer of silver and gold in the Americas, with operations in several countries and a reputation for sustainability and operational excellence.

YTD Price Performance: 72.71%

Average Trading Volume: 250,450

Technical Sentiment Signal: Buy

Current Market Cap: C$3.39B

Learn more about MAG stock on TipRanks’ Stock Analysis page.