Cerrado Gold acquires Manantial Espejo mine from Pan American Silver for $20 million
PAAS•PAAS•PAAS•PAAS•Cerrado Gold acquired Minera Tritón Argentina, owner of Argentina’s Manantial Espejo mine, from Pan American Silver for $20 million. The deal includes a 1% royalty for Pan American and all liabilities; Cerrado targets a phased redevelopment and 2027 restart.
Cerrado Gold acquired Minera Tritón Argentina, which owns Argentina’s Manantial Espejo mine, from Pan American Silver for $20 million. Cerrado paid $10 million at closing on November 13, 2026, with $5 million due on each of the next two anniversaries. Pan American received a 1% net smelter returns royalty on future production to settle existing indebtedness.
The acquisition includes all historical, current and future liabilities, including closure obligations backed by an approximately $13.8 million financial guarantee. Cerrado’s phased redevelopment targets a 2027 restart, initially operating the mill at approximately 1,000 tonnes per day.
