Gatos Silver posts solid 2024, preps takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
Beijing pledged on Thursday to increase its budget deficit, issue more debt and loosen monetary policy.
The steelmaker attributed its lower core earnings to factors beyond its control, citing international prices.
The company sold 9,729 metric tons of that concentrate during the quarter, 6% higher than the year-ago period.
The miner and trader's own sourced copper production fell 4% to 705,200 metric tons, while its own sourced cobalt output fell 18% to 26,500 tons.
The Perth-based miner also reaffirmed its iron ore shipments guidance for fiscal 2025.
The company, one of the world's largest iron ore producers, reported output of 90.97 million metric tons in the three months through September.
China's finance ministry is scheduled to hold a news conference on fiscal policy on Saturday.
Production is starting to recover in Chile as Codelco overcomes disruptions at mines and delays at development projects.
China's central bank unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk.