Pan American Silver agreed to acquire the shares of Canadian Tahoe Resources, thus becoming the owner of the Mina San Rafael project in Guatemala.
With no details on the transaction amount, it was reported that the agreement between the two companies was approved on January 8, 2019 and is expected to be finalized on February 26.
The Pan American Silver mining company reported that it is interested in buying the shares of Canadian Tahoe Resources, the company owning Mina San Rafael in Guatemala.
Representatives of Minera San Rafael confirmed that interest exists by Pan American Silver, the world's second largest silver mining company with operations in Mexico, Peru, Bolivia and Argentina, in buying Tahoe Resources.
Mineros SA has bought 90% of the shares of the Bonanza mine from the company Hemco, for an amount that has not been disclosed.
From a press release from Hemco in Nicaragua:
Mineros, S.A, the Colombian private business group with over 38 years experience in the mining sector has decided to invest in Nicaragua acquiring a 90% stake in Hemco Nicaragua S.A in Bonanza, in the North Atlantic Autonomous Region (RAAN).
The acquisition agreement includes an option to acquire an additional 20% in the future.
The mining company Golden Phoenix Minerals Inc. has announced the signing of a definitive purchase agreement to acquire a 60% stake in the Santa Rosa Gold Mine, located in Panama from the Panamanian corporation Silver Global.
The company will become owner of 60% of the newly created company, Golden Phoenix Panama S.A.
Pershimco Resources Inc. will acquire interests of up to 85% in the Cerro Quema Gold Mining Project.
Pershimco Resources Inc. announced the signing of a Letter of Intent for the acquisition of interests of up to 85% in the Cerro Quema gold mining project. The transaction will be concluded through the acquisition of shares of a Panamanian company, Minera Cerro Quema S.A.
Korean company LS-Nikko could invest up to $260 million in copper mining project "Cobre Panama".
LS-Nikko signed an option agreement with Canadian company Inmet Mining Corp, owner of the project. Under the agreement, LS-Nikko will have the option to acquire between 20% and 30% of the copper mining project "Cobre Panama" (Minera Panama S.A.), depending on how much it invests in it.