Finance > Capital-markets

Pan American invests C$22.7 million in New Pacific

Pan American Silver (CN:PAAS) is continuing its long history with Bolivia having bought a 12% stake in New Pacific Metals (CN:NUAG) for C$22.7 million (US$$17.9 million).

Finance > Capital-markets

Pan American invests C$22.7 million in New Pacific

Pan American Silver (CN:PAAS) is continuing its long history with Bolivia having bought a 12% stake in New Pacific Metals (CN:NUAG) for C$22.7 million (US$$17.9 million).

Pan American invests C$22.7 million in New Pacific

New Pacific Metals is making moves in Bolivia

The major silver producer participated in a private placement and bought 16 million units while fellow silver producer Silvercorp Metals (CN:SVM), which already held a 32% stake in New Pacific, bought 3 million units at C$1.42 each for an investment of C$4.3 million.