Pan American Silver Acquires Stake in Moneda S.A. Funds

The mining company increased its position in the South American investment firm.

Mar. 19, 2026 at 9:56am

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Pan American Silver Corp. (NYSE: PAAS), one of the world's largest primary silver producers, has acquired a new position in Moneda S.A. Administradora General de Fondos, a Chilean investment management firm. The mining company purchased 16,093 shares of Moneda S.A. in the third quarter, valued at approximately $567,000.

Why it matters

This investment highlights Pan American Silver's strategy to diversify its portfolio and capitalize on growth opportunities in the South American financial sector. As a major player in the global silver mining industry, Pan American Silver's move to invest in a Chilean asset manager signals the company's confidence in the region's economic prospects.

The details

According to a disclosure with the U.S. Securities and Exchange Commission, Pan American Silver's new position in Moneda S.A. Administradora General de Fondos represents about 0.7% of the mining company's overall portfolio. The investment was part of a broader trend, as other large investors such as AQR Capital Management and Jones Financial Companies also modified their holdings in Pan American Silver during the same period.

  • Pan American Silver acquired the 16,093 shares of Moneda S.A. in the third quarter of the year.
  • The mining company's investment in Moneda S.A. was disclosed in a filing with the SEC on March 19, 2026.

The players

Pan American Silver Corp.

A Vancouver-based mining company and one of the world's largest primary silver producers, with operations across the Americas.

Moneda S.A. Administradora General de Fondos

A Chilean investment management firm that Pan American Silver acquired a stake in during the third quarter.

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The takeaway

Pan American Silver's acquisition of a position in the Chilean investment firm Moneda S.A. Administradora General de Fondos demonstrates the mining company's efforts to expand its reach beyond its core silver production business and tap into the growth potential of the South American financial market.