Upcoming AWS Coverage on Coeur Mining Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 28, 2016 / Active Wall St. blog coverage looks at the headline from Pan American Silver Corp. (NASDAQ: PAAS) as the Company announced on December 27, 2016, that it has acquired ownership and control of 10 million common shares of Maverix Metals Inc., by exercising the previous acquisition of 10 million shares at an exercise price of $0.546 per common share as on December 23, 2016. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Pan American Silver's competitors within the Silver space, Coeur Mining, Inc. (NYSE: CDE), is estimated to report earnings on February 08, 2017. AWS will be initiating a research report on Coeur Mining in the coming days.

Today, AWS is promoting its blog coverage on PAAS; touching on CDE. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/registration-3/?symbol=PAAS

http://www.activewallst.com/registration-3/?symbol=CDE

Breaking down the agreement

Pan American exercised the ownership and control of an additional 6.5 million Maverix's common shares priced at $1.204 per common share. The common share purchase warrants are subject to expire on July 08, 2021. This transaction is complementary to the firm's movement to acquire 10 million shares for $5.46 million. Post the acquisition and the Warrant Exercise and Issuance of Replacement Warrants, Pan American holds 52.85 million common shares and 16.50 million Existing Warrants and Replacement Warrants, elevating Pan American's stake to approximately 40% of the total number of issued or common shares of Maverix on non-diluted basis, while 43% on a fully diluted basis.

About the Companies

Pan American

Vancouver, BC- based Pan American Silver is the second-largest primary silver mining company in the world. The firm currently operates and owns seven silver mines in Mexico, Peru, Bolivia, and Argentina. Additionally, the Company boasts a portfolio of mineral deposits and development projects diversified across Mexico, Peru, Argentina and Bolivia. Pan American employs more than 6,500 contractors and employees working at seven mines. For the year 2015, Pan American recorded $674.7 million of net revenue on a y-o-y basis.

Maverix

Maverix Metals is a Canada-based company which is primarily aimed at acquiring and holding metal streams and royalties. The firm offers mining related investment and provides exposure to metal price appreciation, exploration and expansion potential. Maverix currently holds thirteen streams and royalties on development projects, exploration projects and producing mines. As per an agreement with Pan American and Macmillan Minerals Inc., Maverix was launched as a publically traded royalty on TSX (Toronto Stock Exchange) and streaming as of July 11, 2016.

The long-term collaboration

This exercise to acquire 10 million shares of Maverix by Pan American is not the first instance where these two firms have collaborated over royalty exchanges or shares acquisitions. Previously, on July 11, 2016, MacMillan Minerals changed its name to Maverix after acquiring 13 royalties, precious metal streams, and payment agreements from Pan American. As per the agreement, Maverix consolidated 75,929,091 shares. Consecutively, Pan American receives 42,850,000 common shares and 20,000,000 common share purchase warrants. At the closure of the agreement, Pan American held 54% shares of the total issued and outstanding shares on a non-diluted basis.

Maverix views this agreement as an attempt to leverage gold and silver prices and generate immediate positive free cash flow, hence offering greater value to the shareholders.

Stock Performance

At the close of trading session on December 27, 2016, Pan American Silver's stock price rose 3.43% to end the day at $14.79. A total volume of 1.59 million shares were exchanged during the session. The company's share price has skyrocketed 124.90% in the past twelve months and 128.36% on YTD basis. The stock currently has a market cap of $2.23 billion and has a dividend yield of 0.34%.

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SOURCE: Active Wall Street