Mineros S.A. Buys 80% of La Pepa From Pan American (PAAS) to Own 100%

Pan American Silver Corp. (NYSE:PAAS) is among the 11 Best Silver Mining Stocks to Buy According to Hedge Funds. Pan American Silver Corp. (NYSE:PAAS) will sell its 80% stake in the La Pepa Project to Mineros S.A. for $40 million on August 11, 2025, granting Mineros complete ownership. The current joint venture between the firms will end as a result of the agreement, which is structured through the purchase of all shares of Minera Cavancha SpA. The deadline for closing is September 30, 2025, at the latest. According to CEO David Londoño, the action increases Mineros’ exposure to Chile, a crucial mining jurisdiction, and solidifies the company’s growth pipeline.

According to estimations made on October 31, 2021, the La Pepa Project in Chile’s Maricunga Gold Belt contains substantial resources, including 1.15 million oz Au (Measured), 1.04 million oz Au (Indicated), and 366 koz Au (Inferred). Drilling programs verified high mineralization continuity, which was intended as an open-pit heap-leaching operation. Mineros is planning to conduct a preliminary economic assessment to determine feasibility based on the 2021 Mineral Resource estimate, assuming a long-term gold price of $1,650/oz. It is ranked second on our list of the Best Silver Mining Stocks.

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