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Pan American Silver completes the sale of the shares of Compania Minera Shalipayco S.A.C. to Votorantim Metais

DEALS AND SUITS

Pan American Silver completes the sale of the shares of Compania Minera Shalipayco S.A.C. to Votorantim Metais

Date closed: 5/6/2016

Value: US$15 million

On May 6, 2016, Pan American (Peru) S.A.C., a wholly-owned subsidiary of Pan American Silver, completed the sale of 75% of the shares in Compania Minera Shalipayco S.A.C. to Votorantim Metais – Cajamarquilla S.A. for US$15 million in cash and a one percent (1%) net smelter returns royalty.

BLG represented Pan American (Peru) S.A.C. with a team led by Fred Pletcher that included Stephen Robertson and Julie Bogle.