MAG Silver stock is delisted as Juanicipio stake shifts to Pan American

MAG Silver stock is delisted after Pan American Silver completed its takeover, leaving the former company’s 44 percent Juanicipio interest inside Pan American. A Discovery Alert report dated October 14, 2026, reviewed the ownership change and its effect on silver exposure.

Three dates changed the structure

On August 4, 2026, Fresnillo’s interim report confirmed that it remained the 56 percent owner and operator of Juanicipio, while MAG’s former interest stood at 44 percent. On September 16, 2026, Business Wire reported that Pan American’s reserve update included its 44 percent attributable share of Juanicipio after acquiring MAG. On October 14, 2026, Discovery Alert described MAG as a wholly owned Pan American subsidiary and said the standalone ticker had ceased to exist.

What does the 44% interest mean?

The economic link to Juanicipio remains material, but it is no longer a standalone listed investment. Juanicipio produced 3.49 million attributable silver ounces in the first half of 2026, according to Discovery Alert, while Fresnillo retained control over mine sequencing, budgets and distribution timing.

The distinction matters because Pan American combines Juanicipio with a broader portfolio of silver and gold operations. Former MAG shareholders received about 14.3 percent of Pan American on a fully diluted basis, according to the October 14 report, replacing direct exposure to one mine with exposure to a diversified producer.

Next dates for the successor exposure

Pan American’s next reported dates include October 31, 2026, when director Charles Jeannes is scheduled to retire, and November 4, 2026, when the company plans to release third-quarter results, according to Business Wire. Those dates concern Pan American rather than a continuing MAG listing.

Juanicipio remains the central asset

Business Wire said Pan American reported 511.1 million ounces of proven and probable silver reserves as of June 30, 2026, including Juanicipio’s attributable contribution. For investors tracking the former MAG story, mine production, capital spending and distributions now have to be assessed through Pan American’s reporting structure.

Market context: Market report S&P TSX Composite.

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