Pan American Silver Announces Agreement To Acquire Mag Silver in $2.1 Billion Deal

May 11 (Reuters) - MAG Silver Corp MAG.TO:

• PAN AMERICAN SILVER ANNOUNCES AGREEMENT TO ACQUIRE MAG SILVER CORP.

• MAG SILVER CORP - TRANSACTION VALUED AT $2.1 BILLION, $20.54 PER MAG SHARE

• MAG SILVER CORP - SHAREHOLDERS TO RECEIVE $500 MILLION CASH AND 0.755 PAN AMERICAN SHARES

• MAG SILVER CORP - JUANICIPIO EXPECTED TO GENERATE $200 MILLION FREE CASH FLOW IN 2025