Pan American Silver sells $593M in South American assets in trio of deals

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VANCOUVER — Pan American Silver Corp. says it has reached several deals to sell some of its South American assets for a combined US$593 million. The Vancouver-based mining business says it has signed an agreement with Glencore International AG to sell its 56.25 per cent interest in its Mara project located in Catamarca, Argentina. Glencore will pay US$475 million in cash for the stake and will grant Pan American a life-of-mine copper net smelter return royalty of 0.75 per cent. The company has a