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Pan American Silver Rallies 2.9% as Completes Tahoe Buy
12:15 PM EST, 02/22/2019 (MT Newswires) -- Pan American Silver (PAAS.TO) on Friday completed its acquisition of the issued and outstanding shares of Tahoe Resources (THO.TO). Shares of both Pan American Silver and Tahoe rallied today by 2.3% and 2.9%, respectively.
CEO Michael Steinmann said: "The completion of the arrangement establishes the world's premier silver mining company with an industry-leading portfolio of assets, a robust growth profile and attractive operating margins. We are also now the largest publicly traded silver mining company by free float, offering silver mining investors enhanced scale and liquidity."