1st Majestic Silver acquires Gatos Silver in a $970m deal, enhancing production capacity.

First Majestic Silver Corp. has announced a $970 million all-stock acquisition of Gatos Silver Inc., which operates the Cerro Los Gatos silver mine in Mexico. Gatos shareholders will receive 2.55 shares of First Majestic for each share held. The deal, expected to close in early 2025 pending approvals, will give Gatos shareholders about 38% ownership in the combined company and enhance First Majestic's annual silver production capacity.

September 05, 2024
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