The Mexican Federal Economic Competition Commission has approved Pan American Silver’s proposed acquisition of the issued and outstanding shares of Canadian firm Yamana Gold.
With the Mexican approval in hand, all required regulatory, shareholder and court approvals had been received and the arrangement would be completed by month-end, Pan American reported on Friday.
Pan American bought Yamana for $4.8-billion in a joint arrangement with Agnico Eagle, which will acquire certain subsidiaries and partnerships that hold Yamana’s Canadian assets.