Pan american silver completes the sale of la arena

Vancouver, british columbia--(business wire)--pan american silver corp. (nyse: paas) (tsx: paas) (“pan american”) yesterday completed the previously announced divestment of its 100% interest in la arena s.a. (“la arena”), which owns the la arena gold mine as well as the la arena ii project in peru, to jinteng (singapore) mining pte. ltd., a subsidiary of zijin mining group co., ltd. (collectively, “zijin”). under the terms of the agreement, zijin paid us$245 million in cash consideration and gr.
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