Pan American Silver lifts its Galleon holding to about 15.6%
Pan American bought 6.25 million Galleon shares at C$1.12 each, lifting its non-diluted stake to roughly 15.6%, according to a TradingView report.
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what happened
Pan American Silver Corp. has acquired 6.25 million Galleon shares at C$1.12 apiece. The detail comes from a TradingView report that draws on the company's press release.
After the purchase, Pan American's holding equals about 15.6% of Galleon's shares excluding dilution and about 27.3% when partial dilution is counted. The release does not describe any change of control over Galleon.
The deal follows an earlier C$8.0 million convertible debenture carrying 10% interest. If the debenture were converted and warrants exercised, the stake could reach 19.6% on a fully diluted basis, but that is a conditional scenario that depends on those steps taking place.
why it matters
For silver investors the news is a local one: it concerns a larger position in a single project rather than a deal likely to move metal prices. Further purchases, debt conversion or financing updates from Galleon would be the next signals to watch.
tags
instruments
sources
- Pan American Silver Corp. (PAAS) Raises Galleon Stake to 15.6% — TradingView, 4 November 2026 at 01:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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