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Monday, January 23, 2012

Pan American Silver to purchase Minefinders for C$1.5 bln, (TSE: PAA.TO), (AMEX: MFN), (NASDAQ: PAAS)

Pan American Silver Corp said it will purchase Canadian precious metals miner Minefinders Corp Ltd in a deal valued at about C$1.5 billion ($1.48 billion).

Pan American Silver Corp. (Pan American) engaged in the operation and development of, and exploration for, silver producing properties and assets. Shares of PAA remained unchanged at $25.02. In the past year, the shares have traded as low as $20.44 and as high as $41.20. On average, 285357 shares of PAA.TO exchange hands on a given day and today's volume is recorded at 0.

Minefinders Corporation Ltd. (Minefinders) is in the business of exploration for, and development and mining of, precious and base metal properties. Shares of MFN remained unchanged at $11.35. In the past year, the shares have traded as low as $9.50 and as high as $18.95. On average, 701540 shares of MFN exchange hands on a given day and today's volume is recorded at 59904.

Pan American Silver Corp. (Pan American) engaged in the operation and development of, and exploration for, silver producing properties and assets. Shares of PAAS remained unchanged at $24.72. In the past year, the shares have traded as low as $19.93 and as high as $43.06. On average, 1094920 shares of PAAS exchange hands on a given day and today's volume is recorded at 3788.



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